Banks have begun to raise their buffers for credit-loss provisions in the event customers, facing the brunt of high interest rates, are unable to pay back debt on their credit cards or miss loan repayments. "We prudently increased our provision and allowance amid the uncertain economic backdrop," Truist CEO Bill Rogers said in a statement. The bank set aside $538 million in provisions for credit losses in the quarter ended June 30, compared with $171 million a year earlier.  ( 7 min )

The company reports better-than-expected earnings, but talc worries and legal risks remain top of mind for investors.  ( 26 min )

Wall Street shows mixed emotions on Tesla's mixed second quarter.  ( 9 min )

(Bloomberg) -- Tesla Inc. fell in late trading after profitability shrank in the second quarter, and the carmaker warned hits to margins are likely to keep coming.Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIA $500 Billion Corporate-Debt Storm Builds Over Global EconomyIn London, New York and Paris, a Giant Office Bet Is Going WrongNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Ol  ( 8 min )

The world's largest contract chip maker reported a 23% fall in second-quarter profit as it grapples with a slump in demand for electronic devices.  ( 26 min )

Taiwanese chipmaker TSMC posted a 23.3% fall in second-quarter net profit on Thursday as global economic woes dented demand for chips used in applications as varied as cars, cellphones and servers and coming off a strong period last year. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker and a major Apple Inc supplier, saw April-June net profit drop to T$181.8 billion ($5.85 billion) from T$237.0 billion a year earlier. That compared with the T$172.55 billion average of 21 analyst estimates compiled by Refinitiv.  ( 7 min )

We view XRP's breakout above the Ichimoku cloud as a good example for bitcoin, Fairlead's Katie Stockton said.  ( 7 min )

(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. posted a smaller than expected profit decline, after the global AI development boom outweighed a persistent slump in smartphone demand.Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIA $500 Billion Corporate-Debt Storm Builds Over Global EconomyIn London, New York and Paris, a Giant Office Bet Is Going WrongNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomTesla Investor Rode a 14,800%  ( 8 min )

Despite their woeful underperformance this year, income-oriented investors should still consider including dividend-paying stocks or funds in their portfolios.  ( 26 min )

Finnish telecom gear group Nokia on Thursday reported a drop in second-quarter profit due to a drop in margin as growth in sales of 5G gear in markets such as India failed to offset slowing demand in North America. Comparable operating profit fell to 626 million euros ($702.37 million) from 714 million euros last year. Nokia and rival Ericsson have been hit by slowing orders from customers, mostly in their high-margin North American markets.  ( 6 min )

(Bloomberg) -- China’s latest pledges to rebuild a shattered private sector fell flat with investors, underscoring the damage two years of crackdowns and pandemic controls have had on confidence in the world’s second-largest economy. Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIA $500 Billion Corporate-Debt Storm Builds Over Global EconomyIn London, New York and Paris, a Giant Office Bet Is Going WrongTesla Investor Rode a 14,800% Gain Thanks to 27  ( 10 min )

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(Bloomberg) -- Nothing symbolizes the demise of China Evergrande Group like the Hong Kong tower that it bought for a record $1.6 billion. Once a jewel in the developer’s crown, creditors are still trying to sell the building almost a year after seizing it. Most Read from BloombergA $500 Billion Corporate-Debt Storm Builds Over Global EconomyApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIIn London, New York and Paris, a Giant Office Bet Is Going WrongTesla Investor Rode a 14  ( 9 min )

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The relaunch of a classic Soviet-era car, the Moskvich, by a state-owned company in November was celebrated by Moscow's mayor as showing the resilience of Russia's auto industry to Western sanctions. "This is a historic event," Sergei Sobyanin said as the Moskvich was unveiled at a factory the Moscow government took from French carmaker Renault last year for just one rouble ($0.01).  ( 10 min )

Recent months have made it clear that the Biden Administration’s embrace of the ‘Green Economy,’ and especially the clean energy sector, is far more than just skin deep. The administration, from the Inflation Reduction Act signed last August to more recent multi-billion-dollar funding initiatives, has been going all-in on clean energy. The Biden White House has been promoting electric vehicles, pushing for solar and wind-powered energy production, and implementing tax and regulatory incentives t  ( 10 min )

The U.S. housing market firmed up this year. One reason being that buyers jumped in assuming they'll be able to refinance to a lower rate in the near future.  ( 11 min )

Volvo wil steeds meer elektrische auto's verkopen, maar de focus op elektrisch is niet direct goed voor de winstcijfers. In het tweede kwartaal maakte de autofabrikant 3,5 miljard kronen (300 miljoen euro) winst, 60 procent minder dan vorig jaar.  ( 3 min )

De Rotterdamse haven heeft last van de hoge inflatie en de wereldwijd afzwakkende economie. De overslag daalde in de eerste zes maanden van dit jaar dan ook met 5,5 procent.  ( 3 min )

Ook Apple werkt aan een eigen chatbot met kunstmatige intelligentie, meldt Bloomberg. Maar deze 'AppleGPT', zoals hij door ingewijden wordt genoemd, is voorlopig nog niet klaar voor het grote publiek.  ( 3 min )

Netflix heeft de afgelopen maanden miljoenen nieuwe abonnees verwelkomd. Dat komt deels doordat de streamingdienst het onderling delen van accounts met vrienden en familie aan banden heeft gelegd. Daardoor hebben meer mensen een eigen abonnement genomen.  ( 3 min )

De Autoriteit Consument & Markt heeft twee producenten van verkeersborden een boete opgelegd vanwege verboden prijsafspraken.  ( 4 min )

Netflix heeft de afgelopen maanden miljoenen nieuwe abonnees verwelkomd. Dat komt deels doordat de streamingdienst het onderling delen van accounts met vrienden en familie aan banden heeft gelegd. Daardoor hebben meer mensen een eigen abonnement genomen.  ( 3 min )

Tesla beleeft een zeer succesvol jaar. Er werden in het afgelopen kwartaal veel meer auto's verkocht en daardoor steeg de omzet van de autofabrikant met bijna 50 procent tot omgerekend 22,2 miljard euro. Dat leverde ook meer winst op.  ( 3 min )

Een huishouden met een gemiddeld energieverbruik betaalde in juni 2.320 euro per jaar aan energie. Dat betekent een stijging van 37 procent (630 euro) ten opzichte van dezelfde periode vorig jaar.  ( 3 min )

Action heeft in de eerste zes maanden van dit jaar opnieuw een forse groei doorgemaakt. De discounter opende nog eens negentig winkels in elf verschillende landen. Het aantal vestigingen komt daarmee uit op 2.353.  ( 3 min )

Een huishouden met een gemiddeld energieverbruik betaalde in juni 2.320 euro per jaar aan energie. Dat betekent een stijging van 37 procent (630 euro) ten opzichte van dezelfde periode vorig jaar.  ( 3 min )

Bedrijven hebben in mei 6,9 procent meer geïnvesteerd dan in dezelfde maand vorig jaar. Dat komt vooral doordat ze meer geld hebben gestoken in gebouwen, personenauto's en vliegtuigen.  ( 2 min )

Consumenten waren in juli net zo negatief over de economie als de maand ervoor. Daarmee zijn ze al vier jaar onafgebroken pessimistisch.  ( 3 min )

CDOs are structured debt instruments and when comprised of mortgages are known as mortgage-backed securities (MBS).  ( 25 min )

President Joe Biden suggested a plan to cancel between $10,000 and $20,000 of student debt for eligible borrowers. Here's how that could impact people in the U.S.  ( 23 min )

Winsorized mean is an averaging method that involves replacing the smallest and largest values of a data set with the observations closest to them.  ( 24 min )

A modified endowment contract (MEC) describes a life insurance policy that has lost tax benefits because the cash contained exceeds federal tax-law limits.  ( 27 min )

Before purchasing life insurance, it's important to decide if you really need it, what type of policy is best, and how much coverage you should get.  ( 29 min )

Lis pendens is an official notice to the public that a lawsuit has been filed and a property has a claim against it.  ( 21 min )

A policy loan is issued by an insurance company and uses the cash value of a life insurance policy as collateral. Learn how policy loans work and about their risks.  ( 21 min )

Explore the world of investment banking and discover the various functions investment bankers serve, such as handling IPOs and mergers and acquisitions.  ( 18 min )

Funds from operations (FFO) and adjusted funds from operations (AFFO) are superior predictors of REIT performance. Find out how to use FFO and AFFO to value REITs.  ( 25 min )

Financial professionals use a wide variety of quantitative and qualitative techniques to understand inventory in their investing analyses.  ( 19 min )

Extended normal costing tracks production costs with an estimate for overhead costs rather than actual expenditures.  ( 19 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 19 min )

The S&P 500 rose 0.2% on Wednesday, July 19, 2023 as the market rally continued to be fueled by solid earnings reports.  ( 18 min )

Elevance Health shares gained after reporting results that beat forecasts and raising its 2023 guidance as medical insurance premiums rose and payouts were less than anticipated.  ( 16 min )

Halliburton shares slumped after warning that lower oil and gas prices will reduce drilling in the second half of 2023.  ( 16 min )

Learn about Porter's 5 Forces and SWOT analysis, tools companies use to analyze the competition, make strategic decisions, and boost profitability.  ( 22 min )

The agency said it will help states target anticompetitive behaviors that hike prices in food, retail, and meat and poultry processing.  ( 17 min )

Deciding between a tax-deferred and a tax-exempt retirement account—or having both—comes down to understanding when the tax benefit kicks in.  ( 27 min )

Netflix scrapped its cheapest ad-free subscription plan in the U.S. and U.K. in an effort to boost revenue and draw more users to its ad-supported plan released last year.  ( 17 min )

Learn about Vanguard Admiral Shares—a separate class of shares for mutual funds—with lower fees and a higher required initial investment.  ( 19 min )

A bank endorsement is a guarantee or assurance made by a bank that a negotiable instrument, such as a banker's acceptance or a letter of credit, will be honored.  ( 20 min )

Is it possible to have more than one personal loan at once? Yes, it is. However, the number of personal loans you can have at once is limited by your lender.  ( 23 min )

A check hold is the number of days that a bank can legally hold the money from a deposited check. A hold can happen for various reasons and different periods of time.  ( 21 min )

For single-family homes, starts in June were 7.0% lower than in May, ending the month at an annual rate of 935,000.  ( 17 min )

The bond market consists of a great number of issuers and types of securities. Explore basic rules of the bond market.  ( 27 min )

Research and development (R&D) is a term to describe the effort a company devotes to the innovation, and improvement of its products and processes.  ( 25 min )

You don’t need your parents to get a student loan. Learn about private and federal student loans to see which loans you may be eligible for.  ( 23 min )

SALT loans allow borrowers to maintain ownership of their blockchain assets, while also gaining access to cash via a loan.  ( 24 min )

"The Great Wealth Transfer" will pass on trillions of dollars in inheritance to Americans over the next decade, however, a new survey shows that just 42% them feel confident about their money managing abilities.  ( 17 min )

What are the safest industries for long-term investment and why?  ( 19 min )

Unlimited bond purchase programs involve open-ended commitments by central banks to purchase distressed government debt.  ( 21 min )

Contingent convertibles (CoCos) are debt securities that can be converted into a company's common stock. They offer high returns but come with high risk.  ( 28 min )

Tesla filed plans to expand its German gigafactory into the largest car plant in Europe.  ( 16 min )

The rally in U.S. equities continued at midday on July 19, 2023, buoyed by more strong earnings reports.  ( 16 min )

Mergers and acquisitions could be evaluated under a tougher antitrust lens as Department of Justice and Federal Trade Commission propose new rules.  ( 18 min )

The consequences for failing to manage your personal loan properly can be severe. Fortunately, there are a few simple things you can do to stay on top of your debt.  ( 20 min )

If you owe money to the IRS, you have a couple different options to help with repayment. Either an IRS payment plan or taking out a personal loan could work, depending on your financial situation.  ( 22 min )

Carvana shares soared after the online used car retailer restructured its debt and reported record-setting quarterly EBITDA and gross profit per unit.  ( 17 min )

When you apply for a personal loan, you're usually asked what the funding's purpose is. The reason why you're borrowing could impact the terms you're offered on your loan.  ( 21 min )

How traders use the Commodity Channel Index (CCI) to evaluate buy and sell signals based on price trends over various timeframes.  ( 23 min )

Goldman Sachs net earnings plunged 58% as it wrote-off goodwill for its GreenSky consumer lending platform and marked down real estate investments all while investment bank dealmaking—a big source of its fee revenue—slowed down.  ( 17 min )

ElectraMeccanica (SOLO) is a designer and manufacturer of three-wheeled electric vehicles but has suffered technical issues resulting in the repurchase of most of its cars sold.  ( 19 min )

Activision Blizzard and Microsoft have extended their acquisition deadline to October after regulatory delays pushed the past the limits of the original agreement.  ( 18 min )

Accurate real estate valuation is important to mortgage lenders, investors, insurers, and buyers and sellers of real property.  ( 24 min )

HSBC's agreement to pay a $1.9 billion fine and enter into a deferred prosecution agreement points to a lack of control processes in compliance and anti-money laundering.  ( 22 min )

Rates on 30-year mortgages dropped again, erasing most of a two-day climb. Averages were down for almost every loan type, though some jumbo rates remained steady.  ( 20 min )

Tencent started out as a messaging service provider for PC users but has grown to become one of China's largest technology companies, bringing in most of its revenue from social media networks and games,  ( 21 min )

Goldman Sachs leads another day of bank earnings and housing starts are expected to have pulled back in June after a jump in May. Here’s what investors need to know today.  ( 19 min )

Don't let these errors in judgment affect your good credit for the rest of your life.  ( 24 min )

Qualcomm chips will support Meta's Llama 2 Large Language Model (LLM), in a move that will bring LLMs—that typically need data centers to run because of computational requirements—to smartphones and PCs starting 2024.  ( 17 min )

Understand how real estate is legally different from real property and the implications of that difference for each property owner.  ( 18 min )

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(Bloomberg) -- Tesla Inc. is sparing no expense to become a player in supercomputing, with Elon Musk saying the electric carmaker plans to invest more than $1 billion on its so-called Project Dojo by the end of 2024. Most Read from BloombergA $500 Billion Corporate-Debt Storm Builds Over Global EconomyApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIIn London, New York and Paris, a Giant Office Bet Is Going WrongTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old Analyst  ( 7 min )

Shares in Discover Financial Services tumbled more than 13% in after-hours trading on Wednesday after its quarterly earnings fell short of expectations and it announced a share repurchase pause as it investigates incorrect classification of credit card accounts from around mid-2007. Discover, a U.S. provider of digital banking and payment services, last traded at $105.63 after closing the regular session up 15 cents at $121.85. The company said it decided to pause share repurchases during its internal review.  ( 7 min )

Disney World may be "the happiest place on Earth," but Disney shares have taken investors on a disappointing roller-coaster ride in the past year—leading many to jump off.  ( 26 min )

Enterprise software provider IBM's second-quarter revenue fell short of Wall Street expectations on Wednesday, bogged down by tepid spending from businesses. IT majors such as Accenture and India's Tata Consultancy Services have also flagged demand weakness, with the former missing market estimates for quarterly revenue last month after its North America revenue grew at its slowest rate in about three years. Revenue growth in the U.S. and Western Europe was "muted" as the company wrapped up the cycle for its mainframe computers it launched last year, Chief Financial Officer James Kavanaugh said in an interview.  ( 7 min )

The online auto retailer reports its best ever quarter for profit, and announces an agreement to cut its debt.  ( 26 min )

HOUSTON (AP) — Crown Castle International Corp. (CCI) on Wednesday reported a key measure of profitability in its second quarter. The results surpassed Wall Street expectations. The Houston-based real estate investment trust said it had funds from operations of $891 million, or $2.05 per share, in the period.  ( 7 min )

BofA Global Research analyst Wamsi Mohan says the debut of the iPhone 15 could be delayed until the December quarter.  ( 26 min )

Tesla reported Q2 results after the bell on Wednesday.  ( 8 min )

Tesla reported Q1 results after the bell on Wednesday.  ( 8 min )

Solid results in software and services were partially offset by softer mainframe sales.  ( 26 min )

Enterprise software provider IBM's second-quarter revenue fell short of Wall Street expectations on Wednesday, bogged down by tepid spending from businesses. IT service providers have warned of further pain as companies striving to cut costs in the face of rising inflation cut tech budgets, hurting the industry that saw rapid growth during the COVID-19 pandemic when businesses rushed to adopt hybrid work. IT majors such as Accenture and India's Tata Consultancy Services have also flagged demand weakness, with the former missing market estimates for quarterly revenue last month after its North America revenue grew at its slowest rate in about three years.  ( 7 min )

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Netflix reported earnings after the bell on Wednesday. Here's what to know.  ( 8 min )

Microsoft's Copilot pricing has analysts across Wall Street boosting their projections for the stocks performance over the next 12 months.  ( 8 min )

The housing market has grown exponentially since the COVID-19 pandemic, with owner-occupied housing wealth rising to $9 trillion from the first quarter of 2020 to the first quarter of 2022, according to the Federal Reserve. The rising demand, resulting from ultra-low interest rates and limited supply, played a crucial role in bolstering the housing market. Despite the Fed's contradictory hawkish stance resulting in sky-high mortgage rates, housing demand has continued to grow. Average home price  ( 8 min )

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JPMorgan Chase recently reported second-quarter results, with both revenue and earnings exceeding Wall Street's expectations. But CEO Jamie Dimon is erring on the side of caution. "There are still salient risks in the immediate view," he said in the earnings press release. "Consumers are slowly using up their cash buffers, core inflation has been stubbornly high — increasing the risk that interest rates go higher and stay higher for longer — quantitative tightening of this scale has never occurr  ( 9 min )

Oil field service companies shares are beating those of their customers  ( 25 min )

Tech giants will offer investors insight into everything from AI to VR/AR headsets during second quarter earnings season.  ( 9 min )

Susquehannah analyst Christopher Rolland reaffirmed a Neutral rating on the stock, raising his target for the price to $35 from $32.  ( 26 min )

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Netflix quietly removed its lowest-priced ad-free tier in the US just ahead of its quarterly earnings results on Wednesday.  ( 7 min )

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Disney World may be "the happiest place on Earth," but Disney shares have taken investors on a disappointing rollercoaster ride in the past year—leading many to jump off.  ( 26 min )

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With the EV king, Tesla Inc (NASDAQ: TSLA) scheduled to report its quarterly performance after market close, General Motors (NYSE: GM) is facing battery supply challenges and Ford Motor (NYSE: F) has dramatically cut prices for its F-150 Lighting pickup in response to weakened demand. Upon Ford’s news on Monday, Ford shares dropped 5.9%, GM followed with 3.1 % and Rivian (NASDAQ: RIVN) with a 3.3% drop, while Tesla shares rose 3.2% as its Cybertruck went into production. Despite Challenges, GM I  ( 9 min )

Carvana stock has been one of the most painful trades this year for investors betting against the pandemic-era highflier.  ( 7 min )

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Corona is still being seen as a big winner from the pullback in demand for Bud Light.  ( 8 min )

Microsoft and Activision have agreed to extend the deadline to close their $69 billion deal.  ( 8 min )

Truist's Youssef Squali is the latest analyst to boost his expectations ahead of the company's second-quarter earnings report.  ( 26 min )

Nikola won’t need any more shareholders to vote for a share count increase because a Delaware rule change lowers the threshold. The post Nikola clear to increase share count — thanks to Delaware rule change appeared first on FreightWaves.  ( 7 min )

Despite blowout delivery numbers for Q2, new data may be pointing to a demand problem for Tesla.  ( 8 min )

The average retirement account balance fell by 20% compared to 2021, according to Vanguard.  ( 7 min )

J.P. Morgan analyst Samik Chatterjee raised his rating and price target on the stock, which he thinks is too cheap.  ( 26 min )

Tesla is set to report earnings after the closing bell today. Investors will be closely watching the profitability of Elon Musk's electric-vehicle maker. Tesla has had feverish sales growth this year, with new vehicle deliv  ( 22 min )

The results are likely to intensify the scrutiny of CEO David Solomon, who is wrestling with everything from partner unrest to concerns about strategy.  ( 9 min )

These are good times for the markets. Inflation concerns are abating, showing that the Fed’s aggressive efforts to tame it are bearing fruit. At the same time, notes Oppenheimer’s Chief Investment Strategist John Stoltzfus, the strength exhibited by labor, the consumer, and business have contributed to “improved sentiment” in the stock market. While the rally that drove the gains in the first part of the year was led by the Mega Caps, it is now widening to less heralded corners. And that brings  ( 10 min )

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Carvana stock spikes 30% after company announces debt exchange deal, quarterly results  ( 8 min )

Carvana continued its recent rally, pressuring short sellers that had been betting on the company's demise earlier this year before a turnaround that has seen the stock gain more than 700% this year.  ( 8 min )

Stocks were searching for a foothold to extend their rally on Wednesday, as investors got ready for earnings from Goldman Sachs, with Netflix and Tesla due later.  ( 7 min )

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Fixed-income securities play an important role within individual investment portfolios and the economy at large. But like other securities, fixed-income instruments come in a myriad of variations, from short-term Treasury bills that only pay interest when the bill matures, to … Continue reading → The post Treasury Bills vs. Bonds: What's the Difference? appeared first on SmartAsset Blog.  ( 8 min )

There's no shortage of budgeting and spending rules when it comes to personal finance. One says you shouldn't spend more than 30% of your monthly income on housing. Another says to always save 10% of your income. Don't take more … Continue reading → The post Are You Using the Golden Ratio of Finance? appeared first on SmartAsset Blog.  ( 7 min )

If you die owing money on a mortgage, the mortgage remains in force. If you have a co-signer, the co-signer may still be obligated to pay back the loan. A spouse or other family member who inherits a house generally … Continue reading → The post What Happens to Your Mortgage When You Die? appeared first on SmartAsset Blog.  ( 9 min )

Retiring at 40 with $2 million is an ambitious goal, but that doesn't mean it's impossible. While you'll need a decent salary or other sources of income or wealth, saving $2 million is not out of reach. If you plan … Continue reading → The post How to Retire at 40 With $2 million appeared first on SmartAsset Blog.  ( 9 min )

Depending on your age, if your income is below a certain threshold, you may not have to pay taxes. Here's what you need to know.  ( 9 min )

Where do millionaires keep their money? High net worth individuals put money into different classifications of financial and real assets, including stocks, mutual funds, retirement accounts and real estate. Most of the 20.27 million millionaires in the U.S. did not … Continue reading → The post Where Do Millionaires Keep Their Money? appeared first on SmartAsset Blog.  ( 9 min )

Are you maxing out the 401(k) plan you have at work every year? Do you still have money left for saving and investment after contributing the maximum to your 401(k) and maybe an IRA or two? If so, then you … Continue reading → The post Executive Deferred Compensation Plans appeared first on SmartAsset Blog.  ( 9 min )

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Rival Verizon also rose by a similar margin, helping the companies rebound from a selloff sparked by a Wall Street Journal report on July 9 that several telecoms giants abandoned a sprawling network of underground toxic lead cables. Several brokerages including J.P. Morgan and Citi had downgraded AT&T after the report, which said the cables may have contaminated neighboring soil and drinking water sources. AT&T said on Tuesday lead-clad cables "represent less than 10% of its copper footprint of roughly two million sheath miles of cable, the overwhelming majority of which remains in active service."  ( 7 min )

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Wall Street is looking for the electric-vehicle maker to report earnings per share of 80 cents, and sales of $24.2 billion for the second quarter. Gross-profit margins deserve a look, too.  ( 26 min )

Carvana shares soar after the online car retailer restructures its debt and announces quarterly results.  ( 8 min )

The telecoms company is looking to calm concerns over its potential liability for contamination, while analysts suggest the reaction that hit its and Verizon's stock was overdone.  ( 26 min )

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The results are likely to intensify the scrutiny of CEO David Solomon, who is wrestling with everything from partner unrest to concerns about strategy.  ( 8 min )

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(Bloomberg) -- Carvana Co. reached a deal with bondholders to reduce debt and extend some maturities as the used-car retailer tries to regain its footing following a disastrous push for growth during the pandemic.Most Read from BloombergTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystSingapore Passport Is World’s Most Powerful, Replacing JapanMeet the Billionaire Who Convinced Messi to Pick MLS Over Saudi ArabiaRags-to-Riches Wealth Fund Veteran Plans to Run for Singapore Preside  ( 7 min )

Carvana shares surged before the market open after the online used-car retailer said it had reached a deal to reduce its interest payments and indebtedness. The troubled Arizona-based company also reported a narrower second-quarter loss than analysts had expected early Wednesday. The stock jump, if  ( 22 min )

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The luxury industry can be fickle, as one of its most influential executives has found out. Shares in French luxury group Kering are up 6% after it announced that Marco Bizzarri, the chief executive of  ( 23 min )

Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 9 min )

(Bloomberg) -- A trip to the restaurant that sits atop the No. 1 Poultry office block in London’s financial district is a chance to experience firsthand the Tale of Two Cities that’s upending the commercial real-estate market.Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystMeet the Billionaire Who Convinced Messi to Pick MLS Over Saudi ArabiaMorgan Stanley Moves 200 Tech Experts From China on Data  ( 11 min )

ASML said it expects net sales growth this year of around 30% compared with 2022, compared with previous guidance of more than 25%.  ( 29 min )

Analysts are looking to see the impact of price cuts on the EV maker’s bottom line.  ( 26 min )

The online auto retailer will now report earnings before the market opens Wednesday, having previously set a date of Aug. 3 for its results.  ( 26 min )

Investors have fled healthcare stocks this year, ducking out of a trade that seemed a smart defensive play last year, as market conditions have changed.  ( 31 min )

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Inflation slowed at a faster-than-expected pace in June, amid a big fall in petrol prices and a slowdown in rising food costs.  ( 7 min )

Concerns about lead-sheathed wires have caused shares of the telecom giants to tumble and raised concerns about the safety of their payouts.  ( 26 min )

Dutch semiconductor equipment maker ASML on Wednesday reported second-quarter net profit of 1.9 billion euros ($2.13 billion) on sales of 6.9 billion euros, slightly ahead of analyst expectations. Analysts had seen net profit at 1.82 billion euros on revenues of 6.74 billion euros, according to Refinitiv data. ($1 = 0.8913 euros)  ( 6 min )

Martin Rucker became a Detroit firefighter in hopes of getting a full pension. But the city's bankruptcy left him with financial challenges.  ( 10 min )

Teamsters issued a strike notice at Yellow shortly after the carrier said it would defer two months of required benefits contributions.  ( 7 min )

Microsoft's one-day gain in market value is more than the entire valuation of about 450 S&P 500 companies.  ( 7 min )

HANOI (Reuters) -Vietnamese automaker VinFast said on Wednesday it would start construction of a $4 billion electric vehicle factory in North Carolina next week as part of its push to expand in the United States market. The unit of Vietnam's largest conglomerate Vingroup, which began operations in 2019, announced plans for the U.S. factory last year. "When it begins operations, the factory will be VinFast's primary supplier of electric vehicles to the North American market," said Thuy Le, head of VinFast Auto.  ( 7 min )

In a statement Tuesday evening, Yellow Corp. said it would defer health and pension contributions as planned. The post Yellow says it’s not paying even as potential strike looms appeared first on FreightWaves.  ( 7 min )

The U.S. Federal Reserve will raise its benchmark overnight interest rate by 25 basis points to the 5.25%-5.50% range on July 26, according to all 106 economists polled by Reuters, with a majority still saying that will be the last increase of the current tightening cycle. A resilient economy and historically low unemployment well over a year since the Fed began one of its most aggressive rate hiking campaigns in history has repeatedly confounded analysts and investors. Inflation is falling, with the headline consumer price index (CPI) measure slowing to 3.0% in June from 4.0% in May. That led many observers on Wall Street to conclude inflation might soon be tamed, prompting some to renew bets that rate cuts could happen by as soon as the end of 2023.  ( 7 min )

What should we make of the markets today? That’s the question on the minds of every market and economic expert out there – and it’s a challenging one. Inflation has dropped to 3% annually, and the labor market is hot. Stocks are up, indicating that investors have priced in the risk of higher prices. However, this leads to a problem highlighted by Piper Sandler’s chief strategist, Michael Kantrowitz. He points out that estimates for forward earnings are not keeping up with the positive sentiment.  ( 10 min )

Zeeuwen, Groningers en Drenten starten steeds vaker een eigen bedrijf. In de Randstad neemt het aantal startende ondernemers juist amper nog toe. Dat blijkt uit cijfers van de Kamer van Koophandel.  ( 4 min )

Een huishouden met een gemiddeld energieverbruik betaalde in juni 2.320 euro per jaar aan energie. Dat betekent een stijging van 37 procent (630 euro) ten opzichte van dezelfde periode vorig jaar.  ( 3 min )

Grote pensioenfondsen zagen hun financiële positie de afgelopen tijd verbeteren. Dit komt onder meer door gunstige beleggingen. Het is nog onduidelijk of dit ook betekent dat de pensioenen aan het einde van het jaar omhoog kunnen.  ( 4 min )

KPN kampt met een storing waardoor klanten problemen hebben met televisiekijken. Daardoor zijn in sommige regio's in Nederland alleen NPO 1, 2 en 3 te kijken, zegt een woordvoerder desgevraagd tegen NU.nl.  ( 3 min )

Heb je een VanMoof-fiets (besteld) of staat-ie ter reparatie in de werkplaats, dan breekt er een onzekere periode aan. Want krijg je je fiets (of je geld) nog wel terug nu VanMoof failliet is verklaard?  ( 5 min )

De prijzen voor tarwe en mais op de beurs in de Amerikaanse stad Chicago zijn woensdag flink gestegen na een Russisch dreigement over de scheepvaart naar Oekraïne. Het is opnieuw een escalatie na het aflopen van de zogenoemde graandeal.  ( 3 min )

Ruim 5,6 miljoen mensen reisden in juni van, naar of via Schiphol. Dat is een toename van 8 procent ten opzichte van dezelfde maand vorig jaar. Toen ging het om 5,2 miljoen mensen.  ( 3 min )

Rusland heeft laten weten weer te willen spreken over een verlenging van de Oekraïense graandeal, die begin deze week afliep. Maar dan moeten de Verenigde Naties er wel binnen drie maanden voor zorgen dat de Russische export weer soepeler verloopt.  ( 4 min )

De prijzen in het Verenigd Koninkrijk zijn afgelopen maand met 7,9 procent gestegen ten opzichte van dezelfde maand vorig jaar. Daarmee komt de Britse inflatie uit op het laagste niveau in een jaar tijd.  ( 2 min )

Pakketbezorger GLS heeft dinsdag onbedoeld e-mails verstuurd naar zo'n vijfduizend zakelijke en particuliere klanten. Dat laat het bedrijf woensdag weten aan NU.nl. In de mails stonden onder meer privégegevens van klanten.  ( 3 min )

Rusland heeft laten weten weer te willen spreken over een verlenging van de Oekraïense graandeal, die begin deze week afliep. Maar dan moeten de Verenigde Naties er wel binnen drie maanden voor zorgen dat de Russische export weer soepeler verloopt.  ( 4 min )

Grutto's, geelgorzen en graslandvlinders hebben voorlopig weinig aan de Europese natuurherstelwet: vrijwel alle maatregelen voor natuurherstel in boerenland zijn weggestemd door het Europees Parlement. Alleen regeringsleiders kunnen daar nog iets van doen terugkeren, en landen die zelf aan de slag gaan.  ( 8 min )

Er moeten duidelijke en heldere regels komen om de risico's van kunstmatige intelligentie (AI) tegen te gaan. Dat zegt de Veiligheidsraad van de Verenigde Naties, die voor het eerst bij elkaar kwam om over dit onderwerp te praten.  ( 4 min )

Cryptoplatform Binance sluit binnenkort zijn deuren voor Nederlandse gebruikers, dus moeten Nederlandse gebruikers vertrekken. Het handelsplatform maakt nu bekend dat je voor 17 augustus je cryptovaluta moet weghalen.  ( 3 min )

Gasunie verdient goed aan de aanvoer van vloeibaar aardgas (lng). De omzet van de gastransporteur steeg met bijna een kwart, vooral door extra gebruik van de drijvende terminal voor vloeibaar gas in de Eemshaven.  ( 3 min )

Grote bedrijven die veel stroom verbruiken kunnen in Zeeland voorlopig geen aanvraag meer doen voor nieuwe aansluitingen of verzwaring van hun huidige aansluiting. Netbeheerder TenneT zegt dat het stroomnet in Zeeland de maximumcapaciteit heeft bereikt.  ( 3 min )

Klanten van GLS hebben dinsdag een overweldigend aantal e-mails ontvangen die niet voor hen waren bedoeld. GLS maakt daarvan melding op zijn website. Volgens de pakketdienst was er sprake van een storing.  ( 3 min )

Deelscooterbedrijf Felyx mag zich niet meer 'duurzaam', 'schoon' of 'groen' noemen. Ook mag het bedrijf niet meer zeggen dat je CO2 bespaart door van de scooters gebruik te maken, oordeelt de Reclame Code Commissie.  ( 3 min )

Jumbo denkt dat de periode met flinke prijsverhogingen in de supermarkten langzaam maar zeker voorbij is. Wel waakt de supermarktketen voor te veel optimisme. Doordat lonen en huren nog oplopen, blijven prijzen in de supermarkt dat ook doen.  ( 3 min )

ASML verdient weer meer geld aan de verkoop van chipmachines in het tweede kwartaal van 2023. Hoewel het Veldhovense technologiebedrijf onder druk staat van de geopolitieke strijd tussen China en het Westen, is dat niet te zien in verkoopcijfers. Voor heel 2023 verwacht ASML een grote verkoopstijging.  ( 4 min )

The S&P 500 rose 0.2% on Wednesday, July 19, 2023 as the market rally continued to be fueled by solid earnings reports.  ( 1 min )

The rally in U.S. equities continued at midday on July 19, 2023, buoyed by more strong earnings reports.  ( 1 min )

Goldman Sachs leads another day of bank earnings and housing starts are expected to have pulled back in June after a jump in May. Here’s what investors need to know today.  ( 1 min )

Netflix scrapped its cheapest ad-free subscription plan in the U.S. and U.K. in an effort to boost revenue and draw more users to its ad-supported plan released last year.  ( 1 min )

Goldman Sachs net earnings plunged 58% as it wrote-off goodwill for its GreenSky consumer lending platform and marked down real estate investments all while investment bank dealmaking—a big source of its fee revenue—slowed down.  ( 1 min )

Tesla filed plans to expand its German gigafactory into the largest car plant in Europe.  ( 1 min )

Activision Blizzard and Microsoft have extended their acquisition deadline to October after regulatory delays pushed the past the limits of the original agreement.  ( 1 min )

Qualcomm chips will support Meta's Llama 2 Large Language Model (LLM), in a move that will bring LLMs—that typically need data centers to run because of computational requirements—to smartphones and PCs starting 2024.  ( 1 min )

The CSS Profile is a financial aid application used by nearly 250 colleges, universities, and scholarship programs to award non-federal aid.  ( 23 min )

Full-coverage car insurance includes liability insurance, which covers the other driver's costs if you're at-fault. Learn more about how these insurance policies work.  ( 23 min )

A business is bonded if it has a surety bond, a legal contract whereby a surety company assumes liability for a debt or other obligation one business owes to another.  ( 23 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 19 min )

The S&P 500 gained 0.7% on Tuesday, July 18, 2023, after a new round of strong corporate earnings reports.  ( 17 min )

Low-cost carriers have become powerful players in the airline sector. However, the COVID-19 pandemic changed the game.  ( 25 min )

Credit card posting is the point at which a transaction is "posted to" a cardholder's account and the money is either taken from or added to the account.  ( 22 min )

The U.S. government has two primary methods of raising capital. One is by taxing individuals, businesses, trusts and estates; and the other is by issuing fixed-income securities that are backed by the full faith and credit of the U.S. Treasury.  ( 20 min )

Implicit bias is a subconscious bias that can negatively affect a person's judgment, opinions, or decisions about other individuals or groups. It also can impair investing choices.  ( 26 min )

Your retirement security depends on how well you built your nest egg. Find out how to get the most out of your 401(k) plan.  ( 28 min )

Comcast's NBCUniversal is hiking prices for its Peacock streaming platform for the first time since it launched the service three years ago.  ( 18 min )

Adam Smith is considered the father of modern economics for his work in pioneering ideas such as free trade and the gross domestic product (GDP).  ( 26 min )

Lockheed Martin posted better-than-expected quarterly results and raised its guidance as demand for military weapons rose.  ( 16 min )

Microsoft announced an AI-powered premium version of its Microsoft 365 product that would cost users $30 per month. And it's doubling down on AI applications through tie-ups with companies like Meta.  ( 17 min )

Johnson & Johnson joined others in the pharmaceutical industry suing the government over new Medicare prescription drug price rules.  ( 17 min )

Corporate social responsibility (CSR) is a business model that helps a company be socially accountable to itself, its stakeholders, and the public.  ( 29 min )

Earnings at some of America’s biggest banks including JPMorgan Chase, Bank of America, and Wells Fargo were buoyed by rising loan balances, even as loan applications fell nationwide.  ( 19 min )

Income-oriented investors prioritize frequent dividend payments for income needs. Here are six real estate investment trusts that meet that criterion.  ( 23 min )

Find out whether a fund's performance is a result of the manager's abilities or just a fluke.  ( 20 min )

Discover the top Russian oil companies by production volume and find out more about their domestic and international business operations.  ( 21 min )

A pure play is a company that invests in one line of business, so its stock performance correlates highly to the performance of its sector.  ( 19 min )

How you invest is just as important as what you buy. Find out which style is right for you, and how to follow it.  ( 18 min )

Net advantage to leasing (NAL) refers to the total monetary savings that would result from a person or a business choosing to lease an asset, as opposed to purchasing it outright.  ( 18 min )

The slowdown in deposit flight allowed Charles Schwab's shares to rise about 12% in trading, despite a drop in net income in the second quarter.  ( 17 min )

Novartis ADRs jumped after the pharmaceutical firm raised its outlook, announced a stock buyback, and detailed spinoff plans.  ( 16 min )

China's disappointing GDP growth pushed European stocks and oil downward and triggered a shift in sentiment about future Fed rate changes.  ( 17 min )

Morgan Stanley posted record wealth management revenue and beat profit and sales estimates as the bank benefited from higher interest rates following the Fed's rate hikes to fight inflation.  ( 16 min )

Despite the ‘Great Resignation,’ one in four workers will be 55 or over by 2031, study shows.  ( 17 min )

Even if you planned carefully for your retirement years, you'll still need to manage your income, investments, and expenses in the years ahead.  ( 27 min )

The Dow and S&P 500 advanced at midday on July 18, 2023 following strong earnings reports from some of the nation's biggest banks.  ( 16 min )

Rates on 30-year mortgages rose for a second day, adding an eighth of a point over last week's low point. Most other averages also moved up, though jumbo rates were flat.  ( 20 min )

Through Lending Club’s high-yield savings accounts, you can earn a higher-than-average APY with no monthly service fees. All you need to get started is $100.  ( 20 min )

Bank of America reported double-digit growth in revenue and net income in the second quarter on Tuesday, as higher interest rates boosted income it generated from lending money.  ( 17 min )

A closed-end lease is a type of rental agreement that does not require the lessee to purchase the asset at the end of the lease.  ( 21 min )

Consumers spent $689.5 billion in June, 0.2% more than in May, but economists were expecting a 0.5% jump in spending.  ( 19 min )

Collision damage waiver (CDW) is additional insurance coverage offered to an individual renting an automobile.  ( 24 min )

The NAHB's Housing Market Index gained one point month-over-month, ending June at its highest level in a year.  ( 17 min )

When the terms premium and discount are used in reference to bonds, they are telling investors the purchase price of the bond is either above or below its par value.  ( 20 min )

Securities and Exchange Commission Chair Gary Gensler warned corporations to make accurate representations about their AI-related moves to ensure investors are not deceived.  ( 17 min )

Learn how to build these five types of portfolios to increase your investing confidence and give you financial control.  ( 23 min )

The Saving on a Valuable Education (SAVE) Plan is an income-driven repayment (IRD) plan introduced by the U.S. Department of Education that will replace the Revised Pay-As-You-Earn (REPAYE) plan.  ( 22 min )

A home improvement loan can be a type of personal loan, but it's also possible to fund home-related projects with other types of loans.  ( 22 min )

Secured loans are a type of loan backed by collateral, whereas unsecured loans don’t require collateral and are based primarily on a borrower's creditworthiness.  ( 21 min )

U.S. households are reporting lower levels of access to financial services and support compared to 2022, according to a survey by Principal. The U.S. reported a 12% decline from 2022 in residents who have access to things such as bank accounts, loans, mortgages, retirement and pension plans, and more.  ( 18 min )

Revenue is the total income earned by a company for selling its goods and services. Earnings are revenues minus all expenses associated with operating the business.  ( 21 min )

From its beginnings, Netflix has been a disruptor. Now, its popular streaming service is forcing the television industry to adapt or die trying.  ( 19 min )

Bank of America kicks off a busy day of bank earnings by beating its second quarter profit forecast and retail sales are expected to increase for June. Here’s what investors need to know today.  ( 19 min )

Wells Fargo offers two types of savings accounts, but the rates are low unless you carry a large balance.  ( 21 min )

Learn about Brazil's São Paulo Stock Exchange, also known as BOVESPA, one of the largest stock exchanges by market capitalization in the Americas.  ( 24 min )

Getting the best possible package for a college fund depends on minimizing assets and maximizing the energy you use to find possible funding sources.  ( 22 min )

Microsoft announced an AI-powered premium version of its Microsoft 365 product that would cost users $30 per month. And it's doubling down on AI applications through tie-ups with companies like Meta.  ( 1 min )

Comcast's NBCUniversal is hiking prices for its Peacock streaming platform for the first time since it launched the service three years ago.  ( 1 min )

Novartis ADRs jumped after the pharmaceutical firm raised its outlook, announced a stock buyback, and detailed spinoff plans.  ( 1 min )

Morgan Stanley posted record wealth management revenue and beat profit and sales estimates as the bank benefited from higher interest rates following the Fed's rate hikes to fight inflation.  ( 1 min )

Bank of America reported double-digit growth in revenue and net income in the second quarter on Tuesday, as higher interest rates boosted income it generated from lending money.  ( 1 min )

The S&P 500 gained 0.7% on Tuesday, July 18, 2023, after a new round of strong corporate earnings reports.  ( 1 min )

The Dow and S&P 500 advanced at midday on July 18, 2023 following strong earnings reports from some of the nation's biggest banks.  ( 1 min )

Bank of America kicks off a busy day of bank earnings by beating its second quarter profit forecast and retail sales are expected to increase for June. Here’s what investors need to know today.  ( 1 min )

(Bloomberg) -- Richard Cooper’s phone is something of an early alarm bell for the global economy. Lately, it’s been ringing a lot.Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystMeet the Billionaire Who Convinced Messi to Pick MLS Over Saudi ArabiaMorgan Stanley Moves 200 Tech Experts From China on Data LawMassive US Oil Caverns Sit Empty and Will Take Years to RefillA partner at Cleary Gottlieb,  ( 11 min )

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(Bloomberg) -- AT&T Inc. says less than 10% of its nationwide copper-wire telecom network has lead-clad cables, addressing investor concerns over the extend of a potentially massive contamination situation and costly cleanup.Most Read from BloombergTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystSingapore Passport Is World’s Most Powerful, Replacing JapanMassive US Oil Caverns Sit Empty and Will Take Years to RefillTrump Gets Letter Saying He Is a Target of DOJ Jan. 6 ProbeIn Man  ( 8 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 20 min )

(Bloomberg) -- Carvana Co.’s shares tumbled after the used-car retailer surprised investors with a last-minute change to its earnings plans.Most Read from BloombergTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystSingapore Passport Is World’s Most Powerful, Replacing JapanMassive US Oil Caverns Sit Empty and Will Take Years to RefillTrump Gets Letter Saying He Is a Target of DOJ Jan. 6 ProbeIn Manchester United Bidding War, Ratcliffe’s $16 Billion Fortune Might Not Be EnoughThe co  ( 7 min )

(Bloomberg) -- Apellis Pharmaceuticals Inc. shares headed for their worst two-day drop on record after confirming reports that some patients experienced severe inflammation following treatment with its eye drug.Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystMassive US Oil Caverns Sit Empty and Will Take Years to RefillTrump Gets Letter Saying He Is a Target of DOJ Jan. 6 ProbeTokyo Heat Smashes 1  ( 7 min )

(Bloomberg) -- Microsoft Corp. is one of the most-loved stocks on Wall Street, but even the wildly positive views surrounding the software giant haven’t been able to keep up with a rally that has already topped 50% this year.Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystMeet the Billionaire Who Convinced Messi to Pick MLS Over Saudi ArabiaMassive US Oil Caverns Sit Empty and Will Take Years to R  ( 7 min )

Shreya Datta spent months swiping through dating apps searching for a connection when she encountered "Ancel Mali," a self-proclaimed wine trader from France, on Hinge. Mali claimed he had recently relocated to West Philadelphia. Once they transitioned their conversation to WhatsApp, Mali swiftly deleted his Hinge profile, expressing a desire to prioritize their connection and focus solely on Datta. After engaging in online conversations filled with flirtatious emojis and selfies for a couple of  ( 9 min )

The security is trading at a fresh one-year high  ( 7 min )

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Software giant Microsoft plans to charge $30 a month per user for the new artificial-intelligence software, a potentially huge price hike for customers who adopt it.  ( 26 min )

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A new report shows Apple is gaining market share in India as the iPhone giant bets heavily on the country's rising middle class and manufacturing capabilities.  ( 8 min )

(Bloomberg) -- Hundreds of regular investors who together put up $63 million to buy pieces of Atlanta and Miami commercial real estate have allegedly seen their funds disappear. Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystMassive US Oil Caverns Sit Empty and Will Take Years to RefillTokyo Heat Smashes 150-Year Trend as Extreme Weather Bakes GlobeTrump Gets Letter Saying He Is a Target of DOJ J  ( 7 min )

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Comcast announced price increases for its Peacock streaming platform as the company plans to invest more heavily in content and user experience amid tough competition.  ( 8 min )

Only 10% of cloud servers are enabled with chips suited to accelerate AI projects, BofA says.  ( 26 min )

Shares of Microsoft jumped about 4% after the company made announcements about artificial-intelligence-related products. That puts Microsoft on pace to close at a new all-time high.  ( 22 min )

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Lordstown Motors filed for bankruptcy protection in late June. Somehow that fired up investor interest in shares of other unprofitable, electric-vehicle start-ups.  ( 26 min )

Jim Cramer, the charismatic host of "Mad Money" on CNBC, has made numerous intriguing stock picks. Recently, he opened up about what he calls a "disturbing experience" related to his commentary on a particularly hot tech name. "A friend came to me recently at a party and said he had figured out why I was so darn hated," he said in a video posted by CNBC on Instagram. "I was hated because of Nvidia." Cramer was not pleased, saying he doesn't like friends to tell him he's hated. "And I certainly d  ( 9 min )

The debt-laden carrier is seeking to defer contributions as it struggles with liquidity.  ( 26 min )

(Bloomberg) -- Microsoft Corp. said new corporate artificial intelligence tools that work with Office software, called Microsoft 365 Copilot, will cost $30 per user per month on top of what most business customers already pay.Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanMassive US Oil Caverns Sit Empty and Will Take Years to RefillTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystTokyo Heat Smashes 150-Year Trend as Extreme Weather Bakes Globe  ( 7 min )

The pop star has tapped the lawyer who helped her win a sexual-misconduct case.  ( 26 min )

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The biggest-ever video game merger that was scheduled to close July 18 still faces some hurdles.  ( 8 min )

The White House released data showing the number of borrowers in each state who were eligible for automatic loan relief under the one-time payment adjustment for income-driven repayment (IDR) plans. We show the map.  ( 6 min )

Following a nuclear-like run-up in Tesla stock, investors are facing another big moment with second quarter earnings on tap after the bell on Wednesday.  ( 8 min )

Major American providers of oilfield services supplied Russia with millions of dollars in equipment for months after its invasion of Ukraine, helping to sustain a critical part of its economy even as Western nations launched sanctions aimed at starving the Russian war effort. Russia imported more than 5,500 items worth more than $200 million from the top five U.S. firms in the sector — led by SLB, Baker Hughes and Halliburton — in the year following the invasion that began in February 2022. The technology helped keep some of the world’s most challenging oilfields operating in a sector that provided nearly half of Russia’s federal revenues in 2021.  ( 10 min )

Shares of AT&T and other telecommunications stocks rebounded in early trading after falling to multiyear lows yesterday. AT&T, which finished Monday at its lowest close since February 1993, was recently up 2%. Veri  ( 22 min )

The firm lost 31% of its deposits during the second quarter, but its results were largely better than Wall Street expected.  ( 7 min )

(Bloomberg) -- Western Alliance Bancorp spent much of this year ensnared in turmoil sparked by a series of regional bank collapses that spooked its investors and attracted short sellers.Most Read from BloombergMassive US Oil Caverns Sit Empty and Will Take Years to RefillSingapore Passport Is World’s Most Powerful, Replacing JapanTokyo Heat Smashes 150-Year Trend as Extreme Weather Bakes GlobeUS Plans Narrow China Tech Investment Limits, Likely by 2024Tesla Investor Rode a 14,800% Gain Thanks to  ( 8 min )

Carnival upgraded, Norwegian Cruise downgraded: Wall Street's top analyst  ( 9 min )

In the wake of the very encouraging latest inflation report, there’s a sense of renewed optimism on Wall Street. There is growing confidence that the series of interest rate hikes taken by the Fed since March 2022 in its effort to tame inflation is about to come to an end. While that positive development has been hogging the headlines, BlackRock CEO Larry Fink thinks the economy is facing a big issue elsewhere: the US debt is spiraling out of control. In June, for the first time ever, national d  ( 10 min )

PNC Financial was the first big regional to report results this morning, in what is expected to be a critical earnings season for banks after several failures this year. Shares of PNC rebounded from pr  ( 23 min )

AT&T and Verizon stocks were in the green Tuesday even as uncertainty around the potential cost to clean up lead-covered cables loomed.  ( 26 min )

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Former Dow CEO and current Lucid board member Andrew Liveris weighs in on the EV maker's plans.  ( 8 min )

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The court decision is important not only because it could give drivers more rights to claim expenses, but also because it may open up food delivery and ride-sharing companies to fresh rounds of large-scale class-action lawsuits.  ( 29 min )

The logistics-property giant is building and buying warehouses even as interest rates rise and logistics demand falters.  ( 25 min )

With a massive net worth of $114 billion and a reputation as one of the greatest investors in history, Warren Buffett's words carry immense weight in the financial world. At the age of 92, Buffett's wealth of experience makes him a trusted source of advice for many. One particular piece of timeless wisdom he shared years ago resonates strongly today: Politics has no place in the realm of investing. During a 2019 conversation with CNBC’s Becky Quick, Buffett, chairman of Berkshire Hathaway Inc.,  ( 9 min )

The loss on the portfolio, which totals $614 billion, increased by nearly $7 billion relative to the first quarter.  ( 26 min )

The jet maker reported adjusted earnings per share of $6.75 from $16.7 billion in sales, Tuesday. Wall Street was looking for $6.45 from $15.9 billion.  ( 26 min )

Saving for retirement is a lifelong undertaking. It involves keeping your retirement goals in mind as you have children, get different jobs and move from place to place. However, a recent study from the Center for Retirement Research at Boston College … Continue reading → The post Empty Nester? This Avoidable Mistake Could Jeopardize Your Retirement appeared first on SmartAsset Blog.  ( 9 min )

Saving for retirement is a top financial priority for many. If you're one of those who has prioritized retirement by opening a Roth 401(k), it's crucial to use the account optimally to build tax-free retirement income. The IRS has raised … Continue reading → The post Roth 401(k) Contribution Limits for 2023 appeared first on SmartAsset Blog.  ( 9 min )

Tesla's second-quarter report is coming. Investors will study the electronic-vehicle giant's earnings, but they will be keen to see capacity, among other things.  ( 26 min )

Falling inflation has helped boost stocks—and could keep the rally going.  ( 26 min )

↘️ Bank of America (BAC): The nation’s second-largest bank reported a 19% rise in quarterly profit and said earning  ( 23 min )

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PNC Financial Services Group earnings were flat year over year, but came in ahead of expectations.  ( 26 min )

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Customers have been pulling money from sweep accounts for the past year, forcing Schwab to rely more on costly short-term funding sources.  ( 29 min )

Shares of the bank fell nearly 3.5% in premarket trading as it estimated NII to rise 5% to 6% in 2023 from last year, compared to its previous forecast of 6% to 8% growth. The cut in full-year expectations for NII - the difference between the interest banks earn on loans and pay out on deposits - came even as PNC reported a 15% jump in NII to $3.51 billion. The rate increases by the U.S. Federal Reserve to rein in sticky inflation have boosted lenders' income from bigger interest payments, but banks have warned that the higher borrowing costs could soon start to weigh on loan demand.  ( 7 min )

Net income for Morgan Stanley fell to its lowest level in more than three years as it struggled with sluggish trading and deal making.  ( 9 min )

Melius Research started coverage of Nvidia, Microsoft and Apple with Buy ratings on their AI potential but were more skeptical about Google-parent Alphabet.  ( 26 min )

The result from the nation's second-largest bank is the latest demonstration of how some of the largest US lenders are thriving as regional rivals struggle.  ( 7 min )

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She also questioned his close relationships with several Tesla board members and whether the board had failed to act in shareholders’ best interests.  ( 9 min )

Bank of America joined the fray with its second-quarter earnings this morning. Here are the highlights: The nation’s second-largest bank earned $7.41 billion, up 19% from $6.25 billion a year earlier. That amounts to 88 cents per share. Analysts expected 84 cents, according to FactSet. Revenu  ( 23 min )

Bank of America said its profits grew 19% in its most recent quarter, the latest of the big banks to see its bottom line boosted by higher interest rates. On a per-share basis, BofA earned 88 cents, compared with 73 cents one year ago. Like its major competitors, BofA has benefitted from wealthy clients, businesses and other customers moving deposits to the bank in search of safety after this spring’s bank failures.  ( 7 min )

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Elon Musk, Larry Ellison and other current and former members of Tesla's board of directors will return $735 million to settle claims that they massively overpaid themselves.  ( 7 min )

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Bank of America, Morgan Stanley, Charles Schwab, and Lockheed Martin are among companies scheduled to report earnings Tuesday. Novartis rises after boosting its full-year outlook and Masimo tumbles after issuing a weak second-quarter sales forecast.  ( 26 min )

Bitcoin and Ether both fell below key price levels earlier but returned above as investors remained optimistic after the U.S. Securities and Exchange Commission (SEC) accepted the second Bitcoin exchange-traded fund (ETF) application for review, from asset manager Valkyrie.  ( 7 min )

(Bloomberg) -- Owuraka Koney forms part of an elite group on Wall Street: Those who foresaw Tesla Inc.’s wild growth potential before it even went public.Most Read from BloombergMassive US Oil Caverns Sit Empty and Will Take Years to RefillSingapore House Speaker Resigns in New Blow to Ruling PartyDollar’s Busted Bull Run Has Bears Calling End of an EraRussia Pulls the Plug on Ukraine Grain Export DealUS Plans Narrow China Tech Investment Limits, Likely by 2024Koney was just 25 when he stumbled  ( 12 min )

Flagship Pioneering, an investment vehicle helmed by Noubar Afeyan, a co-founder of Moderna and its chairman, bought $12.5 million of shares of biotech Evelo.  ( 26 min )

Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 9 min )

Taiwanese chipmaker TSMC is expected to report a 27% fall in second-quarter net profit on Thursday, as global economic woes dent demand for semiconductors, though analysts say business performance is likely to improve in the current quarter. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker and a major Apple and Nvidia supplier, is likely to report net profit for the April-June period of T$172.53 billion ($5.58 billion), down from T$237.0 billion a year earlier, according to the average of 21 analysts polled by Reuters. The forecast decline in profit partly reflects a robust performance in the previous year, when the company was still riding high on pent-up post-pandemic demand.  ( 7 min )

The spectre of rising corporate debt defaults exacerbating a global economic slowdown has for months been largely brushed aside by resilient credit markets. Now, long-feared corporate debt woes are starting to hit home, while more companies are being downgraded to a junk credit rating - facing higher borrowing costs as a result. Retailer Casino, with 6.4 billion euros ($7.19 billion) of net debt, is in court-backed talks with creditors; Britain's Thames Water is in the headlines with its 14 billion pound ($18.32 billion) debt pile.  ( 8 min )

The sale comes a day after ARK sold $50.5 million of the crypto exchange’s stock.  ( 6 min )

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Chipmachinemaker ASML neemt ongeveer honderd medewerkers van medisch technologiebedrijf Philips over. De werknemers leverden al diensten aan andere bedrijven, waaronder ASML. Zo werkten ze al aan zeer precieze meetinstrumenten van de chipfabrikant. Dat maakt de overstap makkelijk.  ( 3 min )

De storing bij de Rabobank is voorbij, meldt de bank op Twitter. Door de storing, die dinsdag rond het middaguur voor het eerst werd gemeld, konden klanten geen transacties afronden en dus geen geld overboeken.  ( 3 min )

De appel- en perenoogst in ons land zal dit jaar kleiner zijn dan in 2022. De verwachting is dat er 207 miljoen kilo appels en 341 miljoen kilo peren worden geplukt.  ( 3 min )

Voormalig Nissan-topman Carlos Ghosn is met zijn rechtszaak tegen de Japanse autofabrikant niet uit op wraak. Het is volgens hem een poging de mensen die tegen hem samenspanden ter verantwoording te roepen.  ( 4 min )

Met een opvallend design, technische snufjes en gelikte marketing wist VanMoof de e-bike sexy te maken. Maar de fietsen gingen vaak kapot en waren voor velen te duur door de unieke onderdelen. Dat deed het bedrijf de das om.  ( 4 min )

Voormalig Nissan-topman Carlos Ghosn is met zijn rechtszaak tegen de Japanse autofabrikant niet uit op wraak. Het is volgens hem een poging de mensen die tegen hem samenspanden ter verantwoording te roepen.  ( 3 min )

De Turkse lira heeft dinsdag een nieuw dieptepunt bereikt ten opzichte van de euro en de dollar. Daarmee zet de vrije val van de Turkse munt sinds de verkiezingen van 28 mei onverminderd door.  ( 3 min )

De Turkse lira heeft dinsdag een nieuw dieptepunt bereikt ten opzichte van de euro en de dollar. Daarmee zet de vrije val van de Turkse munt sinds de verkiezingen van 28 mei onverminderd door.  ( 3 min )

De curator van Score is nog in onderhandeling met partijen die de kledingwinkels willen doorzetten. De keten ging in juni failliet. Het spijkerbroekenmerk CHASIN' van Score heeft al wel een nieuwe eigenaar.  ( 3 min )

Rabobank heeft dinsdag te maken met een storing, waardoor klanten geen overboekingen kunnen doen. De bank werkt aan een oplossing.  ( 3 min )

Dit weekend kregen twintigduizend mensen een brief van Dienst Toeslagen. Daarin staat dat ze wel recht hebben op zorgtoeslag, terwijl ze die niet aanvragen. Nog steeds vraagt een op de tien huishoudens die recht hebben op zorgtoeslag die niet aan.  ( 4 min )

Brusselse supermarkten moeten in 2024 voedsel dat bijna over datum raakt, doneren aan de voedselhulp. Daar worden ze toe verplicht door een besluit van de Brusselse regionale overheid.  ( 3 min )

Bakkers verwachten op korte termijn geen flinke prijsstijgingen van brood nu de deal over de export van graan uit Oekraïne via de Zwarte Zee is verlopen. Dat komt vooral doordat ze werken met langetermijncontracten.  ( 3 min )

Frankrijk gaat door de overheid gereguleerde energieprijzen in augustus 10 procent verhogen. Het land wil in stapjes terug naar normale prijzen. Een overheidscommissie dacht er eerst nog over de prijzen met bijna 75 procent te verhogen.  ( 3 min )

Kunstmatige intelligentie (AI) gaat de leeftijd van modellen in alcoholreclames vanaf nu scherper in de gaten houden. Het gaat dan niet om de echte leeftijd, maar om hoe oud de modellen ogen. In juni haalde Heineken nog posters weg omdat modellen te jong leken.  ( 4 min )

Big Bazar moet enkele winkels in Noord-Holland sluiten omdat de winkelketen de huur niet meer kon betalen. Daarover bericht RTL Nieuws. Bij meerdere verhuurders heeft Big Bazar huurachterstanden.  ( 3 min )

Kunstmatige intelligentie (AI) gaat de leeftijd van modellen in alcoholreclames vanaf nu scherper in de gaten houden. Het gaat dan niet om de echte leeftijd, maar om hoe oud de modellen ogen. In juni haalde Heineken nog posters weg omdat modellen te jong leken.  ( 3 min )

De bekritiseerde fietsenfabrikant VanMoof is dinsdag failliet verklaard door de Amsterdamse rechtbank. Vorige week kreeg VanMoof al uitstel van betaling, werd een verkoopstop aangekondigd en sloten de winkels. Klanten wacht nu een onzekere periode.  ( 5 min )

Het aantal woningverkopen neemt dit en volgend jaar af en ook de huizenprijs zal tot 2024 blijven dalen. Dat verwachten economen van ABN AMRO. Volgens de bank duurt het even voordat huizen door loonstijgingen weer betaalbaarder worden.  ( 3 min )

Door de snelle opkomst van kunstmatige intelligentie met programma's als ChatGPT en Midjourney moeten ook de risico's in kaart worden gebracht. Dinsdag komt de Veiligheidsraad van de Verenigde Naties voor het eerst bij elkaar om daarover te praten.  ( 3 min )

Flitsbezorgers hebben grote moeite om zich staande te houden op de Nederlandse markt. De kosten en levertijden lopen op en consumenten zijn steeds meer kwijt aan hun boodschappen.  ( 4 min )

(Bloomberg) -- When a “special rebalance” of the Nasdaq 100 Index was touched off to curb the dominance of the biggest technology stocks, Meta Platforms Inc. was the only megacap to fall below a crucial threshold for downsizing. Now it seems the social media giant will be pared back anyway. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraSingapore House Speaker Resigns in New Blow to Ruling PartyMassive US Oil Caverns Sit Empty and Will Take Years to RefillRussia  ( 8 min )

(Bloomberg) -- Microsoft Corp. and Activision Blizzard Inc. are nearing the finish line on their $69 billion deal, but aren’t likely to close it by a Tuesday deadline, people familiar with the deal said. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraMassive US Oil Caverns Sit Empty and Will Take Years to RefillSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Pulls the Plug on Ukraine Grain Export DealRussia Derails Danone, Carlsberg Exits by Sei  ( 8 min )

Telecom stocks continue slide after WSJ investigation into toxic lead cables.  ( 25 min )

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Berkshire Hathaway, led by CEO Warren Buffett, had invested in videogame maker Activision to capture the arbitrage spread.  ( 26 min )

(Bloomberg) -- Cathie Wood said Nvidia Corp. is now an “obvious” artificial intelligence bet, and she’s buying up shares of other companies that can capture more upside from the potentially transformative technology. Most Read from BloombergMassive US Oil Caverns Sit Empty and Will Take Years to RefillSingapore House Speaker Resigns in New Blow to Ruling PartyDollar’s Busted Bull Run Has Bears Calling End of an EraRussia Pulls the Plug on Ukraine Grain Export DealYellen Says China Slowdown Risks  ( 7 min )

Wall Street expects earnings per share of $6.45 from $15.9 billion in sales. The defense company reported $6.43 in EPS and $15.1 billion in sales in the first quarter.  ( 26 min )

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(Bloomberg) -- While the deeply inverted yield curve has stoked anxiety among investors about the prospect of a recession, Goldman Sachs Group Inc. has a different message: stop worrying about it. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraSingapore House Speaker Resigns in New Blow to Ruling PartyMassive US Oil Caverns Sit Empty and Will Take Years to RefillRussia Pulls the Plug on Ukraine Grain Export DealRussia Derails Danone, Carlsberg Exits by Seizing As  ( 7 min )

The U.S. government on Monday sued a New York-based company for allegedly operating a so-called "massive 'consent farm' enterprise" to trick nearly 1 million people a day into providing personal information and consent to receive telemarketing calls. Fluent LLC was accused of having since 2011 used deceptive ads and websites to promise free rewards, including from familiar brands such as Amazon and Walmart, that were impossible to obtain, and interviews for jobs that did not exist. The Department of Justice and Federal Trade Commission said Fluent's true purpose was to sell "leads" to telemarketers that later inundated consumers with robocalls, texts and emails about auto warranties, debt reduction, for-profit education, pain cream, solar energy and other products and services.  ( 6 min )

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A TD Cowen analyst reaffirmed his Market Perform rating for TSMC stock and reiterated his price forecast of $85 for its American depositary receipts.  ( 26 min )

Wall Street is expecting Bank of America’s profit to increase by 11% to $6.9 billion compared with the year-ago quarter.  ( 26 min )

A report that found that lead-covered cables are contaminating parts of the country is a new risk for telecom stocks.  ( 7 min )

Kiwi Camara, CEO of Austin-based legal technology firm CS Disco Inc., is one of the few executives who can claim a compensation package surpassing that of Apple Inc. CEO Tim Cook. While Cook is expected to face a pay cut this year of around 40%, following shareholder guidance and his own recommendation, his compensation for fiscal 2022 reached $99.4 million, as disclosed in Securities and Exchange Commission filings. Don’t Miss: Until 2016 it was illegal for retail investors to invest in high-gr  ( 8 min )

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The losses, which totaled $99 billion at the end of the first quarter, have weighed on its stock.  ( 29 min )

(Bloomberg) -- Tesla Inc. directors, including co-founder Elon Musk, agreed to return more than $735 million in stock awards to settle an investor lawsuit accusing board members of improperly giving themselves massive compensation packages.Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Derails Danone, Carlsberg Exits by Seizing AssetsRussia Pulls the Plug on Ukraine Grain Export DealYellen Says Chi  ( 7 min )

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A "disinflationary soft landing" will send the S&P 500 to a record high between 4,800 and 5,400 over the next 18 months, the veteran market watcher says.  ( 9 min )

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Shares of AT&T Inc fell more than 5% to hit their lowest level in thirty years on Monday, after analysts downgraded the stock following a news report that the telecommunications giant left toxic lead cables buried across the United States. A Wall Street Journal report on July 9 named AT&T and Verizon among several telecom giants that abandoned a sprawling network of underground toxic lead cables, with a huge number of them possibly contaminating neighboring soil and drinking water sources. Analysts at Citigroup and JPMorgan both lowered their recommendations on AT&T shares in recent days.  ( 7 min )

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(Bloomberg) -- China Evergrande Group posted combined losses of more than $81 billion over two years as the world’s most-indebted developer releases its long-delayed results in a bid to resume stock trading.Most Read from BloombergSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Derails Danone, Carlsberg Exits by Seizing AssetsRussia Pulls the Plug on Ukraine Grain Export DealIsrael Quietly Embeds AI Systems in Deadly Military OperationsYellen Says China Slowdown Risks Spillover  ( 7 min )

“The realization that the market needs to reprice substantially has driven us to make a big downgrade in our forecast,” says Capital Economics' Kiran Raichura.  ( 11 min )

(Bloomberg) -- Rothschild & Co. is facing pressure from some bondholders who want the bank to repurchase a deeply discounted bond sold almost 40 years ago.Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraMassive US Oil Caverns Sit Empty and Will Take Years to RefillSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Pulls the Plug on Ukraine Grain Export DealRussia Derails Danone, Carlsberg Exits by Seizing AssetsThe notes, known in the industry as di  ( 7 min )

Shares of the entertainment company have struggled as investors have worried about the Hollywood strikes, among other factors.  ( 26 min )

Hollywood actors Ryan Reynolds and Rob McElhenney have reportedly acquired a stake in the Alpine Formula One team as part of a $218 million deal without putting in any of their own money. According to The Mail, Reynolds and McElhenney agreed to join a consortium that purchased a 24% stake in the team, which is now valued at around $900 million following the investment. The consortium includes American investment firms Otro Capital and RedBird Capital Partners. Reynolds and McElhenney are expecte  ( 8 min )

Tesla's Cybertruck, Ford's F-150, and even perhaps GM's Chevy Silverado are weighing on shares of electric-truck maker Rivian in early trading Monday.  ( 29 min )

Shares of Tesla rose to start the week, putting the electric-vehicle maker's shares among the S&P 500's top advancers in morning trading. Tesla stock was recently up 1.7%. The move follows the news that the company built [its first Cybertruck](https://www.wsj.com/articles/tesla-begins-cybertruck-pr  ( 22 min )

If the Federal Reserve has pulled off a soft landing, it may be due to shifts in the composition of U.S. debt since 2008, writes Larry Hatheway.  ( 50 min )

Smaller fracking companies are feeling the pinch of inflation, lower oil and gas prices, and fewer prime drilling spots.  ( 26 min )

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There's a reason that Social Security is called "the third rail of American politics" – as in, touch it and die. Most Americans – especially seniors – are fiercely protective when it comes to their retirement benefits. A financial advisor … Continue reading → The post Almost 8 in 10 People Oppose Raising the Full Retirement Age for Social Security appeared first on SmartAsset Blog.  ( 8 min )

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Some regional banks that begin reporting their second-quarter results this week are expected to revise down their estimates of a key measure of profitability.  ( 10 min )

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Struggling used-car dealer’s shares are hot, but business sags and investors worry about the family’s plans.  ( 25 min )

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Citi analyst lowered his rating on AT&T stock to Neutral/High Risk from Buy following a similar downgrade by J.P. Morgan.  ( 26 min )

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Citi analysts raised their target price on Nvidia to $520 from $420 previously, arguing it can keep a 90% market share in AI chips.  ( 29 min )

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The first Tesla Cybertruck rolled off the production line in Texas and Microsoft reached a deal with Sony that keeps Call of Duty on PlayStation as the company continues to work toward its merger with Activision. Here’s what investors need to know today.  ( 19 min )

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It turns out younger male employees might be coming around to Corcoran's way of thinking.  ( 7 min )

Managing your taxes can be one of the most complex aspects of estate planning and a new IRS rule change continues that trend. The rule, published at the end of March, changes how the step-up in basis applies to assets held in an irrevocable trust. If you need help interpreting the IRS rule change or setting […] The post Want to Leave Assets to Heirs? IRS Rule Change Should Have You Rethinking Your Irrevocable Trust appeared first on SmartReads CMS - SmartAsset.  ( 7 min )

Stocks opened mixed in muted action Monday as China's economy continued to falter and with more earnings reports ahead.  ( 7 min )

Stock futures struggled for momentum ahead of the bell Monday after more signs that China's economic recovery is still lagging, as investors got set for a busy week of earnings reports.  ( 7 min )

Comparisons to the fast casual dining juggernaut look stretched aside from a hot IPO.  ( 25 min )

(Bloomberg) -- Oil bulls moving back into the market are making a big mistake, according to one of Wall Street’s most prominent forecasters.Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Derails Danone, Carlsberg Exits by Seizing AssetsIsrael Quietly Embeds AI Systems in Deadly Military OperationsUkraine Grain-Export Deal Collapses as Russia Terminates ItCrude futures jumped above $80 a barrel in L  ( 6 min )

Netflix investors will assess risks from the ongoing strike in Hollywood when the company reports quarterly results on Wednesday, but analysts said it was well positioned due to its solid pipeline of shows and international production crew. Striking Hollywood actors have joined film and television writers on picket lines, forcing U.S. studios to shutter productions as workers battle over pay in the streaming TV era. Some of the people on strike are also picketing the Netflix offices in Los Angeles.  ( 8 min )

Tesla's strategy to boost sales through price cuts is likely to have powered its strongest revenue growth in five quarters while dragging down margins to a three-year low in the April-June period. The Elon Musk-led electric-vehicle maker has since late last year launched a price war to stoke demand and quell competition from legacy automakers such as Ford Motor and Chinese rivals including BYD. Tesla's earnings on Wednesday are expected to show its gross profit margin declined to 18.9% in the second quarter, according to 19 analysts polled by Visible Alpha.  ( 8 min )

Microsoft signs an agreement to keep the 'Call of Duty' videogame franchise on Sony’s PlayStation consoles following Microsoft's acquisition of Activision.  ( 29 min )

Feel out a company's culture this earnings season. It could be a worthwhile exercise down the line.  ( 8 min )

(Bloomberg) -- The biggest US banks are facing tougher competition for deposits and shelling out more to keep them. That doesn’t bode well for their smaller peers. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Derails Danone, Carlsberg Exits by Seizing AssetsIsrael Quietly Embeds AI Systems in Deadly Military OperationsUPS Union Asks Biden Not to Intervene in Case of StrikeAmerica’s regional lende  ( 9 min )

Tesla's first Cybertruck rolls off the assembly line, and United Airlines and its pilots reach a contract agreement. Both Tesla and United also report earnings this week as do Bank of America, Morgan Stanley, Goldman Sachs, and Netflix.  ( 27 min )

Tesla announced over the weekend that the first Cybertruck had been built at the company’s factory in Texas.  ( 26 min )

Cathie Wood's ARK Invest sold another $50.5 million worth of Coinbase (COIN) shares on July 14 to cash in on the recent rally in the cryptocurrency exchange stock. The tech-focused investment manager owns over 10.5 million shares in Coinbase making it one of the largest holders of the stock. Coinbase shares recently rose to a one-year high of $107 after the exchange announced surveillance-sharing agreements with five spot bitcoin exchange-traded fund applicants, which may prove to be the breakthrough in the Securities and Exchange Commission (SEC) finally approving such a fund to be listed in the U.S.  ( 6 min )

(Bloomberg) -- Richemont shares declined after the Swiss luxury-goods maker reported an unexpected decline in sales from the Americas, raising concern over how weak the US market might get. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsRussia Takes Temporary Control of Danone, Carlsberg AssetsUPS Union Asks Biden Not to Intervene in Case of StrikeHistory Says It’s Time to Buy Long-Term Bonds as Peak R  ( 7 min )

(Bloomberg) -- Czech billionaire Daniel Kretinsky is set to take control of Casino Guichard Perrachon SA after a trio of French businessmen led by telecommunications investor Xavier Niel pulled out of the race for the troubled grocer. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsRussia Takes Temporary Control of Danone, Carlsberg AssetsUPS Union Asks Biden Not to Intervene in Case of StrikeHistory Sa  ( 8 min )

Globally agreed rules leave crypto firms with no option but to introduce basic safeguards to prevent the blow-ups seen at FTX exchange and other crypto casualties, the G20's Financial Stability Board said on Monday. The FSB published on Monday final recommendations requested by the G20 on supervising firms that trade cryptoassets such as bitcoin. "As recent events have illustrated, if linkages to traditional finance were to grow further, spillovers from cryptoasset markets into the broader financial system could increase," the FSB said.  ( 6 min )

Here is your Pro Recap of the biggest analyst cuts you may have missed since Friday: downgrades at AT&T, Twilio, PepsiCo, and Telus International. AT&T (NYSE:T) was recently down some 1.7% pre-market Monday after Citi downgraded the company to Neutral from Buy and cut its price target to $16.00 from $22.00 - and also designated it "High-Risk." Citi said that while it has "an opportunity to sustain positive revenue growth, improve margins and FCF, and find valuation support near current level," it also believes AT&T "could incur possible future liabilities and financial risk from the industry’s historical use of lead sheathed cabling."  ( 8 min )

Here is your Pro Recap of the biggest analyst picks you may have missed since Friday: upgrades at Microsoft, Plug Power, Baidu, and General Mills. UBS upgraded Microsoft (NASDAQ:MSFT) to Buy from Neutral and raised its price target to $400.00 from $345.00 given evidence of stabilizing cloud infrastructure spending, positive near-term AI catalysts, and an attractive valuation.  ( 7 min )

The U.S. SEC has accepted BlackRock’s application for a spot Bitcoin ETF, a major step for the potential launch of the country’s first spot Bitcoin ETF.  ( 7 min )

China Evergrande Group, the world's most indebted property developer, is expected to post on Monday significant losses in its long overdue results for 2021 and 2022 - numbers the market will scour for updates on the company's liquidity. After announcing an offshore debt restructuring plan in March, it is now garnering support to complete the process. With about $300 billion of total liabilities, Evergrande's debt problem has rippled through China's property sector, a pillar of the world's second-largest economy, leading to a string of defaults and uncompleted homes in the country.  ( 7 min )

Asian shares were mostly lower on Monday after China reported weaker growth than forecast in the last quarter. Markets in Japan were closed for a holiday and Hong Kong’s market closed due to a typhoon. U.S. futures and crude oil prices were lower. The Shanghai Composite index dropped 1.2% to 3,199.17 after China reported its economy grew at a 6.3% annual pace in April-June.  ( 9 min )

The United States is working with India to develop an investment platform to lower the cost of capital and increase private investment to fast-track India's energy transition, U.S. Treasury Secretary Janet Yellen said on Monday. "We are close to reaching an agreement on the global minimum tax system," said Yellen, after a bi-lateral meeting with India's finance minister Nirmala Sitharaman on the sidelines of a G20 meeting.  ( 6 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

(Bloomberg) -- It’s not a misprint. Telecom Italia SpA, Italy’s beleaguered former telephone monopoly, once pitched a plan to buy Apple Inc. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsRussia Takes ‘Temporary’ Control of Danone, Carlsberg AssetsHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearUS Homeowners Are Tapping $9 Trillion in Real Estate WealthAbout 25 years ago a group of exec  ( 11 min )

(Bloomberg) -- China’s economy grew slower than expected in the second quarter, with consumer spending easing notably in June, sounding more alarm bells about the recovery. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsRussia Takes ‘Temporary’ Control of Danone, Carlsberg AssetsHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearUS Homeowners Are Tapping $9 Trillion in Real Estate WealthGr  ( 6 min )

China's economy grew at a frail pace in the second quarter, although the annual figure was flattered by base effects, data showed on Monday, with overall momentum faltering rapidly due to weakening demand at home and abroad. Gross domestic product (GDP) grew just 0.8% in April-June from the previous quarter, data released by the National Bureau of Statistics showed, versus analysts' expectations in a Reuters poll for a 0.5% increase and compared with a 2.2% expansion in the first quarter. On a year-on-year basis, GDP expanded 6.3% in the second quarter, accelerating from 4.5% in the first three months of the year, but the rate was below the forecast for growth of 7.3%.  ( 7 min )

(Bloomberg) -- Asian shares face headwinds Monday after the rally in US bonds and stocks hit a wall Friday amid concern that the Federal Reserve can’t claim victory over inflation yet.Most Read from BloombergDollar’s Busted Bull Run Has Doomsayers Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsUS Homeowners Are Tapping $9 Trillion in Real Estate WealthHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearOil Surge to $80 Shows Long-Awaited Market Tig  ( 8 min )

China's industrial output grew 4.4% in June from a year earlier, unexpectedly accelerating from 3.5% seen in May, but demand remains lukewarm amid a bumpy post-COVID economic recovery. The data released by the National Bureau of Statistics (NBS) on Monday came above expectations for a 2.7% increase in a Reuters poll of analysts. China's post-pandemic economic recovery has slowed sharply after a brisk start in the first quarter, with the central bank pledging more support to boost activity and consumer and business confidence.  ( 5 min )

Bitcoin rose to trade at over US$30,300 on Monday morning in Asia, but the price fell over the weekend to around the pre-Ripple ruling level.  ( 8 min )

Oil prices dipped for a second session on Monday after Libya resumed production over the weekend while China, the world's largest crude importer, is expected to release economic data showing that its post-pandemic recovery is fizzling out. Brent crude futures fell 57 cents, or 0.7%, to $79.30 a barrel by 0055 GMT while U.S. West Texas Intermediate crude was at $74.90 a barrel, down 52 cents, or 0.7%. Prices softened after both benchmarks last week notched a third straight week of gains and touched their highest levels since April when output was shut at oilfields in Libya and Shell halted exports of a Nigerian crude, tightening supply.  ( 7 min )

A bruised dollar took respite on Monday after suffering its worst weekly drop of the year, as traders waited on economic data and policy decisions before selling it down any further. Hikes are expected from the Federal Reserve and European Central Bank next week, but beyond that market pricing implies the Fed will likely stop, before cuts next year, while in Europe another hike probably beckons.  ( 7 min )

Asian shares got off to a subdued start on Monday as markets braced for a raft of Chinese economic data that could well underwhelm, while earnings season picks up steam with Tesla on the docket. The risk of even softer outcomes kept MSCI's broadest index of Asia-Pacific shares outside Japan down 0.2%, though that follows a 5.6% rally last week. Japan's Nikkei was closed for a holiday, though futures were trading near flat.  ( 8 min )

(Bloomberg) -- Right on cue, Tesla Inc. skeptics are pushing back after this year's sizzling $500 billion rally.Most Read from BloombergDollar’s Busted Bull Run Has Doomsayers Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsUS Homeowners Are Tapping $9 Trillion in Real Estate WealthHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearOil Surge to $80 Shows Long-Awaited Market Tightening Is HereRival automakers pouncing on booming demand for electric  ( 9 min )

Investing student loan money is a legal and moral gray area, which can cause financial challenges.  ( 19 min )

Special financing is a lending option in the auto sales industry that can be offered to borrowers who have issues with their credit history.  ( 18 min )

Personal loan rates dropped back this week to 20.56%, losing 16 basis points since last week when the average personal loan rate sat at 20.72%.  ( 18 min )

Saving for an education can differ from between countries. Here is a comparison of college savings accounts available in the U.S. and Canada.  ( 22 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 19 min )

The S&P 500 gained 0.4% on Monday, July 17, 2023, ahead of more key corporate earnings set to be released this week.  ( 17 min )

With few homes available for sale, house hunters are driving up prices as they acclimate to higher mortgage rates.  ( 17 min )

Heading into the second half of 2023, the U.S. housing market has yet to see the typical spring and summer boom, as limited inventory and high borrowing costs dampen the market.  ( 18 min )

There are a lot of ETF options, but not all have staying power. Learn what happens when an ETF fails.  ( 18 min )

Find out why the difference between the coupon interest rate on a bond and prevailing market interest rates has a large impact on how bonds are priced.  ( 22 min )

The student loan system is in desperate need of reform as graduates struggle to find work and pay off their student loans. Learn about changes that can help.  ( 24 min )

Shares of First Solar surged on Monday after agreeing to provide solar modules to Israel-based renewable energy firm Energix Renewables.  ( 16 min )

ICE and Black Knight are selling Black Knight's Optimal Blue business to comply with regulatory concerns about ICE's purchase of Black Knight.  ( 16 min )

The easiest way to find out the price of a mutual fund is to look at its net asset value (NAV). For most mutual funds, the NAV is calculated daily.  ( 19 min )

Certificates of deposit (CDs) can be a great financial tool to get a guaranteed return on your investment. Compare Fidelity CD rates and see if they are right for you.  ( 20 min )

Reports that affect the FX market and euro trading include the HICP, economic surveys, and the ECB press releases.  ( 21 min )

Meta Platforms' Threads is under scrutiny from Congressional lawmakers less than two weeks after its launch, amid an ongoing investigation of big tech companies’ policies and practices.  ( 17 min )

Corruption results in inefficiencies in the operations of emerging economies and prevents such economies from reaching the maximum level of development.  ( 23 min )

Gender often plays a role in how car insurance companies determine rates, which can impact transgender and nonbinary people. Learn more about how insurance for this group works.  ( 24 min )

Personal loans and car loans have similarities and differences. Weigh the pros and cons of personal loan versus car loans before buying a new or used car.  ( 23 min )

Activision Blizzard's shares rose more than 3% as Microsoft And Sony agreed to a 10-year Call of Duty deal.  ( 17 min )

Wheat futures jumped after Russia announced it was pulling out of a deal brokered by the United Nations allowing Ukraine to export grain through the Black Sea.  ( 17 min )

Despite economic headwinds, fewer than half of U.S. business leaders expect a recession by the end of the year, JPMorgan Chase reported today in its 2023 Midyear Business Leaders’ Outlook.  ( 17 min )

Learn about three major signals that it may be time to sell your bonds right now, including impending interest rate hikes and bond issuer instability.  ( 20 min )

With an indirect loan, the issuer or holder of the debt doesn't have a direct relationship with the borrower. Instead, a third party issues the loan, with the help of an intermediary.  ( 19 min )

Ford is cutting prices of its electric F-150 Lightning as it benefits from improved production and lower battery costs.  ( 17 min )

U.S. equities were up at midday on Monday, July 17, 2023, ahead of more key earnings reports.  ( 16 min )

An in-depth review of competing business models in the tech industry, including how Apple and Samsung are redefining corporate warfare.  ( 22 min )

The free match-making mobile app makes revenues by charging users for in-app purchases and subscription plans  ( 19 min )

With a minimum deposit and a guaranteed return, certificates of deposit (CDs) can be a viable investment. See what Navy Federal CD rates have to offer.  ( 23 min )

The excess of the 1980s brought about reckless spending and indulgent management for RJR Nabisco, which led to trouble made famous by the book and film "Barbarians at the Gate".  ( 26 min )

If you’re interested in opening a new certificate of deposit (CD) account, Schwab offers a simple brokered CD with attractive rates. Here’s what to know about Schwab CD APYs, terms, and features.  ( 20 min )

Nate Geraci of the ETF Store joins The Express to breakdown Bitcoin's incredible rise this year, and why the biggest asset managers in the world like BlackRock have filed to launch Bitcoin ETFs.  ( 15 min )

30-year mortgage rates have now registered a full week of daily declines, sinking the flagship average more than half a percentage point below the peak notched one week ago.  ( 20 min )

Block's Cash App is a peer-to-peer platform that brings in most of its money by selling Bitcoin to customers.  ( 21 min )

The first Tesla Cybertruck rolled off the production line in Texas and Microsoft reached a deal with Sony that keeps Call of Duty on PlayStation as the company continues to work toward its merger with Activision. Here’s what investors need to know today.  ( 19 min )

Allocated loss adjustment expenses (ALAE) are part of an insurer’s expense reserves that are attributed to the processing of an insurance claim.  ( 18 min )

When does it make sense to buy a guaranteed rather than a non-guaranteed life insurance policy?  ( 20 min )

All-risks coverage is insurance coverage for any incident that an insurance policy doesn’t specifically exclude.  ( 17 min )

An accelerated option in an insurance contract allows the policyholder to withdraw benefits earlier than they would normally be payable.  ( 17 min )

Dealer financing refers to loans originated by a retailer that are sold to a bank or other third-party institutions.  ( 19 min )

A non-admitted balance is an item on an insurer’s balance sheet that represents reinsured liabilities for which the reinsurer has not provided collateral.  ( 18 min )

A lease extension refers to a legal agreement extending the term of an existing lease or rental agreement.  ( 19 min )

A zombie exchange-traded fund (ETF) is generating little interest from new investors and is likely to be shut down by the investment company that issued it.  ( 23 min )

Shares of First Solar surged on Monday after agreeing to provide solar modules to Israel-based renewable energy firm Energix Renewables.  ( 1 min )

ICE and Black Knight are selling Black Knight's Optimal Blue business to comply with regulatory concerns about ICE's purchase of Black Knight.  ( 1 min )

Ford is cutting prices of its electric F-150 Lightning as it benefits from improved production and lower battery costs.  ( 1 min )

Activision Blizzard's shares rose more than 3% as Microsoft And Sony agreed to a 10-year Call of Duty deal.  ( 1 min )

U.S. equities were up at midday on Monday, July 17, 2023, ahead of more key earnings reports.  ( 1 min )

Wheat futures jumped after Russia announced it was pulling out of a deal brokered by the United Nations allowing Ukraine to export grain through the Black Sea.  ( 1 min )

The first Tesla Cybertruck rolled off the production line in Texas and Microsoft reached a deal with Sony that keeps Call of Duty on PlayStation as the company continues to work toward its merger with Activision. Here’s what investors need to know today.  ( 1 min )

Als je deze zomer op vakantie gaat in Italië, kun je bij het bestellen van een pizza zomaar flink duurder uit zijn. Zo zijn basisingrediënten als tomaten en mozzarella flink in prijs gestegen. Ook olijfolie is duurder.  ( 3 min )

Rusland heeft besloten de graandeal met Oekraïne niet te verlengen. Waar bestond die precies uit, waarom is hij geklapt en hoe moet het nu verder? Vijf vragen over de graandeal.  ( 7 min )

Buitenlandse metselaars, stukadoors en dakdekkers kunnen voortaan makkelijker het Verenigd Koninkrijk in komen. De Britten hebben veel te weinig bouwvakkers en versoepelen daarom de regels.  ( 3 min )

Miljoenen e-mails van het Amerikaanse leger zijn door een typefout naar domeinnamen in Mali gestuurd die door een Nederlander werden beheerd. Ook gevoelige informatie werd naar verkeerde adressen gestuurd.  ( 4 min )

Rusland heeft besloten de graandeal met Oekraïne niet te verlengen. Waar bestond die precies uit, waarom is hij geklapt en hoe moet het nu verder? Vijf vragen over de graandeal.  ( 7 min )

Als organisaties voor hun bedrijfsvoering kunstmatige intelligentie en algoritmes gebruiken, moeten ze uitleggen waarom ze dat doen. Daarvoor pleit de Autoriteit Persoonsgegevens.  ( 4 min )

Wie een kapotte VanMoof-fiets heeft en hem wil laten maken, heeft steeds minder opties. De eigen winkels van VanMoof zijn al enkele dagen dicht en nu blijkt dat specifieke onderdelen bij Kwik-Fit ook op zijn.  ( 3 min )

Het kabinet maakt zich zorgen over vertraging bij de vergroening van Tata Steel. Ook de omgevingsdienst die toezicht houdt op de staalfabriek in IJmuiden, vreest dat "een significant aantal risico's" de klimaatplannen van het bedrijf bedreigen.  ( 5 min )

Rusland heeft maandag laten weten dat het land de graandeal voorlopig niet opnieuw wil verlengen. Waarom is dat ook alweer belangrijk voor de rest van de wereld?  ( 4 min )

Rusland heeft maandag laten weten dat het land de graandeal voorlopig niet opnieuw wil verlengen. Waarom is dat ook alweer belangrijk voor de rest van de wereld?  ( 4 min )

Moederbedrijf Meta mag in Noorwegen tijdelijk geen gerichte reclames meer plaatsen op zijn platforms Facebook en Instagram. Volgens de Noorse privacytoezichthouder Datatilsynet gebeurt dat op een illegale manier.  ( 3 min )

Miljoenen e-mails van het Amerikaanse leger zijn door een typefout naar domeinnamen in Mali gestuurd die door een Nederlander werden beheerd. Ook gevoelige informatie werd naar verkeerde adressen gestuurd.  ( 4 min )

Rusland stapt vanaf dinsdag uit de graandeal. Met die afspraak kon de graanexport via de Zwarte Zee doorgaan, wat goed was voor de voedselprijzen. Volgens het Kremlin heeft het besluit niet te maken met het incident op de Krimbrug zondagnacht.  ( 4 min )

Rusland stapt vanaf dinsdag uit de graandeal. Met die afspraak kon de graanexport via de Zwarte Zee doorgaan, wat goed was voor de voedselprijzen. Volgens het Kremlin heeft het besluit niet te maken met het incident op de Krimbrug zondagnacht.  ( 4 min )

Handelaren konden maandagochtend een megawattuur gas kopen voor 24,20 euro. Dat is de laagste prijs sinds september 2021 en minder dan 10 procent van de piekprijs van augustus vorig jaar.  ( 3 min )

Leveranciers van warmtepompen hebben in de eerste zes maanden van dit jaar 85.000 warmtepompen voor woningen verkocht. Dat is een stijging van 80 procent ten opzichte van dezelfde periode vorig jaar.  ( 2 min )

Werkgevers die mensen uit de bijstand aan werk helpen, kunnen daar straks subsidie voor krijgen. Het kabinet stelt 70 miljoen euro ter beschikking om kwetsbare mensen op de arbeidsmarkt te helpen.  ( 3 min )

Twee jaar geleden stroomde het water door de Zuid-Limburgse straten. Toen was lang niet iedereen uitgebreid verzekerd tegen overstromingen. Nu hebben meer huishoudens en ondernemers dekking, maar nog lang niet iedereen.  ( 7 min )

Twee jaar geleden stroomde het water door de Zuid-Limburgse straten. Toen was lang niet iedereen uitgebreid verzekerd tegen overstromingen. Nu hebben meer huishoudens en ondernemers dekking, maar nog lang niet iedereen.  ( 7 min )

H&M opent in 2025 de deuren in Brazilië. Nergens groeide de omzet van het kledingbedrijf in het afgelopen jaar zo hard als in Zuid-Amerika en de Verenigde Staten.  ( 3 min )

H&M opent in 2025 de deuren in Brazilië. Nergens groeide de omzet van het kledingbedrijf in het afgelopen jaar zo hard als in Zuid-Amerika.  ( 3 min )

TomTom ziet een groeiende verkoop van navigatiesystemen en heeft naar eigen zeggen een sterk eerste half jaar achter de rug. Het bedrijf verhoogt de verwachte omzet voor 2023.  ( 3 min )

Twee jaar geleden stroomde het water door de Zuid-Limburgse straten. Toen was lang niet iedereen uitgebreid verzekerd tegen overstromingen. Nu hebben meer huishoudens en ondernemers dekking, maar nog lang niet iedereen.  ( 7 min )

It’s no secret that the stock market has rallied this year, with year-to-date gains near 17% on the S&P 500 and 35% on the NASDAQ. There’s also talk that this rally could turn into a true bull market, putting investors in an upbeat mood and providing a welcome counterpoint to the widespread belief that the US will see a recession later this year. Watching the market situation from Goldman Sachs, Vice President Deep Mehta sees two paths to take advantage of the current rally: growth and margin ex  ( 10 min )

REITs and real estate mutual funds have their differences, yet they both offer liquidity and easy access to diversified real estate assets.  ( 24 min )

The pact follows agreements at Delta and American that included significant raises for pilots.  ( 27 min )

(Bloomberg) -- Oil fell for a second session as a major Libyan field resumed output after protesters that shut the facility ended their demonstration.Most Read from BloombergDollar’s Busted Bull Run Has Doomsayers Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsUS Homeowners Are Tapping $9 Trillion in Real Estate WealthHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearOil Surge to $80 Shows Long-Awaited Market Tightening Is HereGlobal benchmark Br  ( 6 min )

A raft of Chinese economic indicators for June - investment, retail sales, industrial production and unemployment - will be released on Monday, as well as the second-quarter GDP report. Activity has slowed, the economy is sliding towards deflation, and investors have shunned China's stocks, bond and currency. China's economic surprises index last week hit a one year-low.  ( 6 min )

Real estate depreciation on rental property can lower your taxable income, but determining it can be complex. Find out how it works and can save you money at tax time.  ( 27 min )

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The Judge appeared to align herself with Coinbase, saying its S-1 may have some legal weight.  ( 8 min )

Second-quarter earnings season continues with reports from Morgan Stanley, Bank of America, Tesla, Goldman Sachs, IBM, Netflix, TSMC, Johnson & Johnson, and Newmont.  ( 27 min )

From plunging car sales to a collapse in Moscow's current-account balance, there's no denying that Russia is suffering severe economic damage.  ( 7 min )

The dominance of the US dollar is slipping — and this global currency fight will determine whether America can stay on top of the world economy.  ( 15 min )

We do know that the outlook for earnings growth in the coming years is bullish. So it wouldn’t be too surprising if stocks end up even higher a year or two from now.  ( 12 min )

After a cooler than expected inflation report sent stocks soaring, investor focus will shift to corporate earnings from the financial and tech sector in the week ahead.  ( 10 min )

We’re in the stock market to generate a profitable return; there’s no other reason to invest in anything, really. That makes the first point any investor needs to consider, the most important question in stock investing, quite simple: Will this stock grow, and produce a return? It’s a situation meant for data analysis, and the Smart Score. The Smart Score is a sophisticated data collection and collation tool, based on an AI algorithm, that scours the markets, gathers the data on thousands of pub  ( 11 min )

The reality TV star shared how she grew her net worth by paying off debt, investing in real estate, and increasing her income.  ( 9 min )

(Bloomberg) -- It just may have been the week that broke the dollar.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionThe greenback’s worst slump since November has a bevy of strategists and investors saying a turnin  ( 9 min )

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If I give $50,000 in cash to a charity, does that lower my taxable adjusted gross income (AGI) by $50,000? So if my adjusted gross income was $100,000, and I gave $50,000 to charity, is my taxable income now $50,000? … Continue reading → The post Ask an Advisor: Help Me Understand the Math. How Does Donating to Charity Reduce My Taxes? appeared first on SmartAsset Blog.  ( 10 min )

A qualified income trust (or QIT) is a special form of trust designed to help people receive long-term care benefits under Medicaid. It is intended for people who make too much money to receive long-term or residential-care benefits under the … Continue reading → The post A Clever Strategy to Get Your Long-Term Care Costs Covered by Medicaid appeared first on SmartAsset Blog.  ( 9 min )

I've been debating whether to pay off my mortgage. I've refinanced at 2.375% and can get a certificate of deposit (CD) for a year at 4%. I was adding to my mortgage payment by about $1,000 a month to pay … Continue reading → The post Ask an Advisor: Should I Pay off My Mortgage or Invest in CDs? I Refinanced My Mortgage at 2.375%, But I Can Get a CD at 4%. Plus, I Want to Retire in 7 Years. appeared first on SmartAsset Blog.  ( 9 min )

If someone close to you has died, the last thing you may want to talk about is money. However, in order to honor their final wishes, you'll need to follow their will (if they left one) or potentially go to … Continue reading → The post How to Deposit a Large Cash Inheritance appeared first on SmartAsset Blog.  ( 8 min )

After a grantor passes away, becoming the trustee can be daunting, especially if you're responsible for distributing property. Houses are among the most valuable assets in a family for financial and sentimental reasons. Therefore, it's critical to understand how to … Continue reading → The post How to Transfer Property Out of a Trust After Death appeared first on SmartAsset Blog.  ( 10 min )

The new workday dead zone is why so many bosses hate hybrid work.  ( 25 min )

(Bloomberg) -- A near-$10 trillion rally for global stocks this year will face a make-or-break moment as hundreds of companies report earnings over the next few weeks.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into Recessio  ( 9 min )

(Bloomberg) -- Federal Reserve policymakers are primed to resume raising interest rates this month and remain open to a further increase later in the year.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’History Says It’s Time to Buy Long-Term Bonds as Peak Rates NearBlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionWhile offic  ( 8 min )

Manufacturing activity is weakening, Europe has slipped into a mild recession, China’s rebound from Covid-19 is sputtering and heavy debt and high interest rates burden many emerging markets.  ( 24 min )

Expect stocks to stay a ‘fat and flat’ range as the economy attempts to navigate a soft landing, say Goldman Sachs analysts.  ( 8 min )

This week in Borderlands: $18B LNG export terminal project moves forward at Texas seaport; DHL investing $560M to expand supply chains in Mexico, South America; German manufacturer announces 1st facility in Mexico; and CBP seizes nearly $4 million in meth from a California border crossing. The post Borderlands: $18B LNG export terminal project moves forward at Texas seaport appeared first on FreightWaves.  ( 9 min )

Once the largest actively managed ETF, the fund has shrunk to roughly $9 billion.  ( 25 min )

Investors have long expected inflation to fall back to the Fed’s 2% target relatively quickly, a bet that is starting to look better now than it did a few months ago.  ( 25 min )

Concerns regarding NextEra Energy’s (NYSE:NEE) funding strategy have negatively impacted the stock this year, resulting in the shares falling by 13% in 2023. However, now might be an opportunity to pick up shares on the cheap, according to DBS. The Singapore banking giant’s 5-star analyst, Pei Hwa Ho, lays out 3 reasons to back the U.S.’s largest utility and renewable energy company. First off, there’s the combination of a “steady” utility business plus exciting renewable growth, with the compan  ( 7 min )

Mutual fund turnover ratios have an ideal ratio that may differ based on the type of mutual fund and your investment goals.  ( 18 min )

(Bloomberg) -- Betting on a tighter oil market has been a bad trade for most of this year. But there are signs it’s finally paying off.Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraRussia Derails Danone, Carlsberg Exits by Seizing AssetsIsrael Quietly Embeds AI Systems in Deadly Military OperationsSingapore House Speaker Resigns in New Blow to Ruling PartyUPS Union Asks Biden Not to Intervene in Case of StrikeAfter languishing for months, crude surged above $80  ( 9 min )

(Bloomberg) -- China is likely to report rapid economic expansion for the second quarter, although underlying figures will reveal a more challenging picture.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionWho’s Winning the Money Race for President as 2024 Heats UpThe comparison  ( 10 min )

PricewaterhouseCoopers (PwC), which has been Credit Suisse's auditor since 2020, will audit the acquired bank's accounts for 2023, according to the newspaper. UBS agreed to buy Credit Suisse for 3 billion Swiss francs ($3.48 billion) in March after panicked customers withdrew cash from their accounts at the stricken lender. PwC in Credit Suisse's 2022 annual report had included an "adverse opinion" on the effectiveness of the bank's internal controls over its reporting but said its statements "present fairly, in all material respects" the financial position of the bank from 2020 through 2022.  ( 7 min )

Stocks surged this past week on evidence that inflation is cooling.  ( 28 min )

Catch-up contributions will have to be done after taxes for those who make more than $145,000.  ( 21 min )

A flurry of economic data from China on Monday is expected to show its post-pandemic bounce is quickly fizzling out, raising expectations that Beijing needs to unveil more stimulus measures soon to shore up activity and shaky consumer confidence.  ( 7 min )

In a market where capacity is abundant, it is difficult to identify underlying shifts in demand. The post Annual demand dip paints incomplete picture of California markets appeared first on FreightWaves.  ( 7 min )

REITs and real estate mutual funds have their differences, yet they both offer liquidity and easy access to diversified real estate assets.  ( 24 min )

Learn how the law of supply and demand affects the oil industry. Supply and demand determine the price of oil and drive behavior in the oil industry.  ( 22 min )

Asset management is the practice of increasing wealth over time by acquiring, maintaining, and trading investments that can grow in value.  ( 25 min )

Read about the top five Chinese oil companies as measured by revenues, and learn a little more about their business operations.  ( 22 min )

Real estate depreciation on rental property can lower your taxable income, but determining it can be complex. Find out how it works and can save you money at tax time.  ( 27 min )

The United Kingdom has one of the strongest economies in the world thanks to the strength of its services, manufacturing, construction, and tourism sectors.  ( 24 min )

Though over half of 50 states produce at least some crude oil, there are six in particular that are responsible for the bulk of U.S. production.  ( 27 min )

A real estate investment trust (REIT) invests in income-producing real estate and trades like stocks. Real estate funds are mutual funds that may invest in REITs.  ( 23 min )

A grant-in-aid is the transfer of national funding to state, local, private, or individual entities for a project.  ( 18 min )

Is the iShares Year Treasury Bond ETF (TLT) a good bet for the long run?  ( 18 min )

Buying then selling the same stock on the same day is called day trading. Your broker may restrict you from day trading if you are new to investing.  ( 18 min )

Learn about how investors should evaluate bond performance. See how the maturity of a bond can impact its exposure to interest rate risk.  ( 21 min )

Explore how the concepts of R-squared and beta are related and often used in conjunction with portfolio alpha.  ( 20 min )

Looking for the latest TD Bank CD rates? Our guide covers the current rates, term lengths, and minimum deposit requirements, helping you make an informed decision.  ( 20 min )

Why is the airline industry synonymous with ongoing losses and insolvency? We list four reasons.  ( 19 min )

Hard goods and soft goods in retail refer to two different types of products that are offered in stores. Soft good are generally items that are literally soft, such as bedding and clothes.  ( 19 min )

The law of supply and demand is an economic theory that drives many industries, including the real estate market.  ( 22 min )

Property Appraisal and Valuation Equity (PAVE) describes a situation in which property appraisals are not affected by bias or discrimination.  ( 25 min )

Like a tune-up for a car, portfolio realignment should minimize trouble down the road. Learn how to use a rebalance to minimize your portfolio risk.  ( 23 min )

An economy is a system of production and consumption activities that determines how resources are allocated among all of its participants. Learn how it works.  ( 28 min )

The cross elasticity of demand measures the responsiveness in the quantity demanded of one good when the price changes for another good. Learn how it works.  ( 27 min )

Inflation may be cooling, but after 18 months of higher prices, parents are prioritizing school supplies and cutting back on apparel and tech devices in their back-to-school budgets this year.  ( 17 min )

What was the value of the Dow Jones Industrial Average on Jan. 20, 2009, inauguration day for Obama, and did it perform during his presidency?  ( 23 min )

Explore the impact of real value and nominal value on stock trading. Find out how these values are assigned and what causes them to change.  ( 18 min )

Mutual fund turnover ratios have an ideal ratio that may differ based on the type of mutual fund and your investment goals.  ( 18 min )

Learn more about the Iran Nuclear Deal, including its implementation, its cancellation, and the potential next steps.  ( 25 min )

The Bank of England (BoE) is the central bank of the United Kingdom. Its role is similar to that of the Federal Reserve in the U.S.  ( 23 min )

When deciding whether to pursue a master's degree in the U.S. or the U.K., consider degree structure, cost, and quality of education.  ( 23 min )

Het populaire schietspel Call of Duty blijft ondanks de overname van Activision Blizzard door Microsoft beschikbaar voor PlayStations. Volgens Microsoft is dat in een overeenkomst vastgelegd. Het gaat om de grootste overname ooit in de gamingindustrie.  ( 4 min )

Rusland heeft de controle overgenomen over de Russische activa van het Franse voedingsmiddelenconcern Danone en de Deense bierbrouwer Carlsberg. De aandelen van beide multinationals zijn "tijdelijk" onder controle gesteld van de staat, naar een decreet van president Vladimir Poetin.  ( 3 min )

Institutionele beleggers zoals verzekeraars en pensioenfondsen willen dat beursgenoteerde bedrijven hun aandeelhoudersvergaderingen strakker gaan leiden. Dit jaar werden onder meer vergaderingen van ING en Ahold Delhaize verstoord door klimaatactivisten, die om de beurt telkens dezelfde vraag gingen stellen.  ( 4 min )

Institutionele beleggers zoals verzekeraars en pensioenfondsen willen dat beursgenoteerde bedrijven hun aandeelhoudersvergaderingen strakker gaan leiden. Dit jaar werden onder meer vergaderingen van ING en Ahold Delhaize verstoord door klimaatactivisten die om de beurt telkens dezelfde vraag gingen stellen.  ( 4 min )

Het laatste graanschip is zondag uit de haven van de Zuid-Oekraïense stad Odesa gevaren, voordat maandag de VN-deal afloopt die de export van voedsel regelt. Oekraïne en Rusland zijn het nog altijd niet eens over een verlenging van de deal.  ( 3 min )

De winkels van Chasin', het spijkerbroekenmerk van de failliete kledingketen Score, gaan verder onder een nieuwe eigenaar. De JOG Group, bekend van onder meer Jeans Centre, neemt ook de bijbehorende groothandel en webshop over.  ( 3 min )

Turkije heeft de belasting op benzine zondag met bijna 200 procent verhoogd. Die stap moet de regering van president Recep Tayyip Erdogan helpen bij de uitgaven aan bijvoorbeeld schadeherstel na de aardbevingen in het land eerder dit jaar.  ( 4 min )

De elektriciteitsprijzen op de spotmarkt in tal van Europese landen, waaronder Nederland, zullen dit weekend onder nul dalen. Dit gebeurt om er overal veel wind is terwijl er in de zomer steevast ook veel energie opgewekt wordt met zonnepanelen.  ( 4 min )

Het is erg vervelend als je tijdens een reis met een lege smartphone-accu komt te zitten. Zeker als er geen stopcontact in de buurt is. Een powerbank kan de oplossing zijn. Maar welke kies je?  ( 3 min )

De elektriciteitsprijzen op de spotmarkt in tal van Europese landen zullen dit weekend onder nul dalen. Dit gebeurt om er overal veel wind is terwijl er in de zomer steevast ook veel energie opgewekt wordt met zonnepanelen.  ( 4 min )

De Verenigde Staten zijn niet bereid om handelstarieven voor Chinese producten af te schaffen. "De tarieven zijn ingevoerd omdat we ons zorgen maakten over oneerlijke handelspraktijken aan de kant van China. Die zorgen zijn er nog", zegt financiënminister Janet Yellen.  ( 4 min )

Twitter is sinds de overname door Elon Musk ongeveer de helft van zijn advertentie-inkomsten kwijtgeraakt. Ook kampt de berichtendienst met een grote schuldenlast en een negatieve kasstroom. Dat wil zeggen dat er meer geld de onderneming uitgaat, dan dat er binnenkomt.  ( 4 min )

De WOZ-waarde van koopwoningen blijft stijgen, ook nu de huizenmarkt is afgekoeld. Velen zijn daar niet gelukkig mee, want daardoor betaal je hogere belastingen. Maar er zitten ook voordelen aan een hoge WOZ-waarde.  ( 6 min )

Huizenkopers, bouwbedrijven en corporaties vrezen dat de toch al stroeve woningbouw nog verder stilvalt nu het kabinet is gevallen. Dit omdat wetten die de huizenmarkt vlot moeten trekken mogelijk op de plank blijven liggen.  ( 6 min )

Learn how to read a candlestick chart and spot candlestick patterns that aid in analyzing price direction, previous price movements, and trader sentiments.  ( 26 min )

Only companies with a solid history and top-notch management behind them are considered for listing on the NASDAQ.  ( 21 min )

Your premium is based on you (your age, driving record, etc.), your car (its age, where your drive it), and the types of insurance you want to buy.  ( 23 min )

Considering a new certificate of deposit (CD) account? Learn more about Truist Bank’s CD, its terms, rates, account features, and early withdrawal penalties.  ( 19 min )

CDs offer a conservative investment for a set number of months or years. Marcus offers competitive CD rates on a variety of terms.  ( 19 min )

Use and occupancy insurance is the obsolete name of business interruption insurance, which covers loss of business from a covered disaster.  ( 18 min )

A Bumbershoot policy is a specialized form of umbrella liability insurance that covers nonmarine and maritime liability exposures.  ( 19 min )

A mutual fund can be a load or a no-load fund and the classification will determine if an investor pays a sales charge. While some funds may not have a sales charge that does not mean they do not have fees that will impact the return to the investor.  ( 20 min )

Knightsbridge, West Brompton, Chelsea, Kensington, and Westminster have some of the most expensive homes in the U.K. Learn about the top five most expensive neighborhoods in London to understand what makes it such a desirable place to live and why it is so expensive.  ( 22 min )

In each country, Netflix offers different shows and movies, and your account will not work when moving between countries.  ( 20 min )

An agreed amount clause is a property insurance provision where the insurer agrees to waive the coinsurance requirement for the insured.  ( 18 min )

A loss payable clause is an endorsement where an insurer pays a third party for a loss in lieu of the named insured or beneficiary.  ( 19 min )

Gross net written premium income is the amount of an insurance company’s premiums that are used to determine the amount of premiums owed to a reinsurer.  ( 18 min )

Auto insurance is purchased by vehicle owners to mitigate costs associated with getting into an auto accident. Discover more about it here.  ( 20 min )

A claims adjuster investigates insurance claims to determine the extent of the insurance company's liability.  ( 22 min )

A requisition is a documented request for an item to be delivered by a certain date. Read how requisitions work as part of the procurement process.  ( 21 min )

When dealing with divorce, life insurance is an important part of the process but is often overlooked. Don't make that mistake.  ( 25 min )

Trading in your old car at the dealer where you're buying a new car can be convenient, but you may do better financially by selling it yourself.  ( 19 min )

A debt instrument is a tool an entity can use to raise capital. Any type of instrument primarily classified as debt can be considered a debt instrument.  ( 23 min )

A bungalow is a small house, cottage or cabin that was originally designed to provide affordable, modern housing for the working class.  ( 19 min )

Should you buy a new or used car? Here are the pros and cons of each, and how to decide which is right for you  ( 23 min )

Learn about the optimal time for purchasing personal life insurance and why delaying the buying decision may have costly consequences.  ( 26 min )

While the crypto industry earned a short-term win on Thursday, there are many factors at play that will determine whether the ruling in the Ripple case will have a long-term impact on crypto assets.  ( 21 min )

Venture capital is money, technical, or managerial expertise provided by investors to startup firms with long-term growth potential.  ( 35 min )

The 2019 tax filing deadline is Monday, July 17, with as many as 1.5 million taxpayers owed an average $893, the Internal Revenue Service said.  ( 17 min )

The student loan interest deduction allows for a tax break of up to $2,500 for interest payments on loans for higher education. Here's how to qualify.  ( 26 min )

Brexit has raised questions about whether the city can keep its position at the heart of the global financial system. We briefly trace the history of how it got there.  ( 27 min )

The procedural move suggests that the federal agency will give the closely-watched application a serious look.  ( 6 min )

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In the early hours of Saturday morning, Musk tweeted Twitter was suffering from an ongoing negative cash flow issue due to an approximately 50 percent drop in advertising revenue and heavy debt burden.  ( 6 min )

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(Bloomberg) -- The $9 trillion of Chinese local government bonds that helped drag the rest of the world out of the 2008 financial crisis are a growing risk this time around.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionWho’s Winning the Money Race for President as 2024 Heats  ( 8 min )

(Bloomberg) -- Investors loading up on long-term bonds have history at their back.Most Read from BloombergTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’US Homeowners Are Tapping $9 Trillion in Real Estate WealthSingapore Arrests Minister, Property Tycoon in Graft ProbeTesla Starts Cybertruck Production Two Years Behind ScheduleFTC Loses Appeal Bid to Block Microsoft-Activision DealFor decades, Treasuries maturing in 10 or more years have consistently outperformed shorter-dated  ( 9 min )

A&W and Keurig Dr Pepper will pay $15 million to settle a class-action suit that claimed false advertising because real aged vanilla was not used.  ( 7 min )

A mutual fund can be a load or a no-load fund and the classification will determine if an investor pays a sales charge. While some funds may not have a sales charge that does not mean they do not have fees that will impact the return to the investor.  ( 20 min )

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The market for new high-end luxury watches is still strong despite big drops in luxury watch prices on the secondary market.  ( 9 min )

The electric pickup rolled off the line at the company’s Texas factory nearly four years after a prototype was unveiled.  ( 25 min )

Ripple’s courtroom victory against the SEC was a win for holders of many leading altcoins this week.  ( 7 min )

According to a new survey by the nonprofit Transamerica Center for Retirement Studies, 55% of workers plan to work after they retire. That includes almost 20% who plan to work full time and more than a third who plan to work part time. Even more eye-opening: a staggering 15% of all workers expect their primary source of retirement income to come from working,  ( 9 min )

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Goldman Sachs’ former recruitment chief has accused it of creating a “culture of bullying” that caused staff to “sob” through meetings and led to him having a mental breakdown.  ( 7 min )

Anheuser-Busch InBev (NYSE:BUD), the multinational brewing company behind Bud Light, is facing a crisis, and a former executive has offered his perspective on the situation. "It looks like the battle has already been lost," Anson Frericks, former president of Anheuser Busch Sales & Distribution Co., wrote in a recent column for the Daily Mail. In April, Bud Light partnered with transgender social media influencer Dylan Mulvaney, who has 10.7 million followers on TikTok. The collaboration trigger  ( 9 min )

While the crypto industry earned a short-term win on Thursday, there are many factors at play that will determine whether the ruling in the Ripple case will have a long-term impact on crypto assets.  ( 21 min )

Many borrower advocates are unhappy with the president's response to last month's SCOTUS ruling against student debt cancellation.  ( 11 min )

Companies create committees and teams to seize on the potential of artificial intelligence as executives debate how best to handle the technology.  ( 27 min )

The same is true with pretty much any skilled tradesperson these days. Don’t take it personally: There are all sorts of explanations, and only some may be your fault.  ( 26 min )

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How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can give your son and daughter-in-law each $17,000 without having to deal with the IRS. But even … Continue reading → The post Ask an Advisor: I Want to Give Money to My Son and Daughter-in-Law. How Much Money Can I Give Away Without ‘Incurring a Tax Issue With the IRS?' appeared first on SmartAsset Blog.  ( 9 min )

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(Bloomberg) -- India and the United Arab Emirates agreed to use their respective local currencies for cross-border transactions, as Prime Minister Narendra Modi pushes the rupee’s role on the global stage.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionWho’s Winning the Money R  ( 6 min )

A $10 million nest egg will pay for a comfortable retirement for the majority of retirement savers. However, whether that much is enough to fund any specific retiree's golden years depends on a number of factors. This includes pre-retirement lifestyle … Continue reading → The post Is $10 Million Enough to Retire? appeared first on SmartAsset Blog.  ( 8 min )

You are required to report and pay federal taxes on any interest income you receive from a savings account. The income is taxed as unearned, which means you'll escape payroll taxes, but you will owe federal income tax on it … Continue reading → The post How Savings Accounts Are Taxed appeared first on SmartAsset Blog.  ( 9 min )

Pop quiz: True or False – Social Security retirement benefits are subject to income tax just like withdrawals from a traditional IRA account. If you answered "False," you're smarter than more than 60% of your fellow Americans nearing retirement. In … Continue reading → The post Can You Pass This Social Security Quiz? Nearly 7 in 10 People Struggle With These Basic Questions appeared first on SmartAsset Blog.  ( 8 min )

This week's Ripple ruling has brought even more uncertainty and disarray when it comes to regulating crypto. It's time for a solution.  ( 8 min )

UnitedHealth signals that insurers can weather an increase in procedures for more-active seniors.  ( 25 min )

The appeals court decision removes one of the last hurdles to completing the $69 billion deal.  ( 8 min )

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(Bloomberg) -- Don’t belittle Corporate America’s famous profit engine.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearEquity strategists are boosting earnings forecasts for the S&P 500 Index over the coming year f  ( 9 min )

The 2019 tax filing deadline is Monday, July 17, with as many as 1.5 million taxpayers owed an average $893, the Internal Revenue Service said.  ( 18 min )

Corporate clients are still cautious, which is hurting the banks that rely on deal making for revenue.  ( 10 min )

Amalgamated has big paper losses and a large number of uninsured deposits.  ( 26 min )

A federal judge has ruled that some sales of the XRP token aren’t covered by a 77-year-old Supreme Court test that created a definition for obscure securities.  ( 25 min )

The importance that Iger accords Hulu as a linchpin in its revival playbook puts Comcast in a strong position to squeeze Disney.  ( 11 min )

The latest chapter in the ongoing saga between the bank and the millennial founder would allow each side to dig for digital evidence.  ( 10 min )

The Competition and Markets Authority (CMA) is now the only global regulator blocking Microsoft’s $69bn (£52bn) takeover of Activision after the US antitrust watchdog lost a key court appeal.  ( 7 min )

As nations seek to cut their carbon footprints, demand has surged for clean energy, fuelling the global competition to secure critical minerals for climate-friendly power sources like batteries. China has been laser-focused on the task. After spending more than US$1 billion to acquire mining sites in Zimbabwe over the past two years, several Chinese-owned companies have now completed construction or upgrades of lithium processing plants. Observers said the new plants would help the country move  ( 10 min )

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(Bloomberg) -- The US inflation rate slipped to a more than two-year low, spelling relief for American consumers and moving the Federal Reserve a step closer toward ending an historic cycle of interest-rate hikes.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionHistory Says It’s  ( 7 min )

(Bloomberg) -- A US appeals court denied a Federal Trade Commission bid to pause Microsoft Corp.’s acquisition of Activision Blizzard Inc. Friday, clearing a path for the companies to close the largest gaming deal ever in the US.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%Biden Administration to Forgive $39 Billion in Student DebtTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’Treasury Eu  ( 7 min )

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Het Nederlandse bedrijf Fugro heeft van de regering van Curaçao opdracht gekregen een geofysisch onderzoek uit te voeren naar de zeebodem in de wateren rond Curaçao.  ( 3 min )

Stakingen door luchthaven- en luchtvaartpersoneel hebben zaterdag in Italië en België honderden vliegtuigen aan de grond gehouden. Daardoor zijn duizenden reizigers gestrand.  ( 3 min )

Hoewel de productie twee jaar vertraging opliep, heeft Tesla nu toch zijn eerste zogeheten Cybertruck gebouwd. Topman Elon Musk toonde de langverwachte elektrische pick-uptruck zaterdag op Twitter, omringd door tientallen werknemers in veiligheidshesjes en met helmen op.  ( 3 min )

Met de komst van Bard zijn de drie grootste AI-chatbots van het moment nu beschikbaar in Nederland. Gaan deze chatbots de zoekmachines vervangen? En gaan ze veranderen hoe wij in de toekomst het internet gebruiken?  ( 5 min )

Met de komst van Bard zijn de drie grootste AI-chatbots van het moment nu beschikbaar in Nederland. Gaan deze chatbots de zoekmachines vervangen? En gaan ze veranderen hoe wij in de toekomst het internet gebruiken?  ( 4 min )

Hoewel dit weekend een van de drukste periodes van het jaar is voor Schiphol, zijn er vooralsnog geen wachtrijen bij de security. Ook bij de bagageafhandeling zijn geen problemen.  ( 3 min )

Europese consumenten zijn binnenkort mogelijk nog meer geld kwijt voor zoete lekkernijen. De huidige hittegolven drijven de prijs van suiker namelijk op.  ( 3 min )

Europese consumenten zijn binnenkort mogelijk nog meer geld kwijt voor zoete lekkernijen, omdat de huidige hittegolven de prijs van suiker opdrijven.  ( 3 min )

Zo'n 530 Amerikanen hebben persoonlijke schadeclaims ingediend tegen Philips vanwege gezondheidsklachten als gevolg van gebreken bij de slaapapneuapparaten van het zorgtechnologieconcern.  ( 3 min )

De Nederlandse belastingadviseur Frank B. is in New York aangeklaagd voor het maken van plannen om omgerekend meer dan 89 miljoen euro voor de Amerikaanse belastingdienst te verbergen.  ( 4 min )

De Nederlandse belastingadviseur Frank B. is in New York aangeklaagd voor het maken van plannen om meer dan 100 miljoen dollar (89 miljoen euro) voor de Amerikaanse belastingdienst (IRS) te verbergen, aldus de aanklager in New York vrijdag.  ( 4 min )

Het aantal bedrijven dat zich bezighoudt met het plaatsen van zonnepanelen is in tien jaar gegroeid van zo'n 700 naar ruim 5.600. Twee miljoen Nederlandse huizen hebben al zonnepanelen. En voor de resterende paar miljoen huizen zijn handjes nodig.  ( 3 min )

The chief executives of Intel Corp and Qualcomm Inc are planning to visit Washington next week to discuss China policy, according to two sources familiar with the matter. The executives plan to hold meetings with U.S. officials to talk about market conditions, export controls and other matters affecting their businesses, one of the sources said. Intel and Qualcomm declined to comment, and officials at the White House did not immediately return a request for comment.  ( 8 min )

A recent surge in meme stocks is a bad sign for the market, one strategist says. But telling which ones are memes is complicated.  ( 26 min )

Progress is progress, but don’t confuse it with victory. The Fed won’t.  ( 26 min )

Falling inflation has helped boost stocks—and could keep the rally going.  ( 26 min )

While there are still plenty of banks—large and small—to post financial results over the next two weeks, the early read for the sector has been positive.  ( 26 min )

Analysts weigh in on Microsoft, Oracle, U.S. Bancorp, IMAX, American Tower, Haverty Furniture, and Macy’s.  ( 26 min )

As actors go on strike, the entertainment industry is facing a series of major challenges, including the potential end of the pay-TV bundle. For investors, Netflix could be the safest play.  ( 26 min )

The decision to forgive loans for more than 804,000 borrowers comes after the Supreme Court blocked Biden’s loan forgiveness program.  ( 26 min )

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Tanker shipping sanctions compliance is getting a lot more complicated as the price of Russian crude oil rises. The post Russian crude prices have breached the G-7 price cap. Now what? appeared first on FreightWaves.  ( 10 min )

Chevron Corp is comfortable with buying U.S. liquefied natural gas (LNG) on long-term contracts rather than constructing its own U.S. domestic export facility, said Freeman Shaheen, the company's head of global gas. The second largest U.S. oil and gas producer in June 2022 signed agreements with LNG developers Cheniere Energy and Venture Global LNG for a combined 4 million tonnes per annum (MTPA) of the super-chilled natural gases. Chevron owns stakes in LNG projects in Angola, Australia and has taken early steps with partners to advance a floating LNG project off the coast of Israel that would process gas from the Leviathan field.  ( 7 min )

A handful of massive growth and technology names that have dominated the U.S. stock market in 2023 are set to report earnings in coming weeks, potentially determining the path for this year’s equity rally. Lately dubbed the “Magnificent Seven” by investors, shares of the U.S. companies with the biggest market values soared between 40% and over 200% so far this year. The outsized gains have come with big earnings expectations for the seven companies: Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla and Meta Platforms.  ( 8 min )

(Bloomberg) -- Nikola Corp. has finally reignited some of the fervor of its once die hard day-trading fans.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%Biden Administration to Forgive $39 Billion in Student DebtTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’Treasury Euphoria Dwindles After Hot Economic Data: Markets WrapThe electric-vehicle maker gained around 60% this week thanks to a ra  ( 8 min )

Biotech stocks make for an interesting study. They represent a high-risk sector, characterized by famously high overhead and long lead times to develop new products. However, they also hold the potential for high rewards when new drugs open up markets with potential sales targets sometimes reaching billions of dollars. It’s not just the future sales potential that fuels the possibilities for rewards; a successful small-cap biotech company, with a newly approved drug, will frequently attract merg  ( 11 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 20 min )

(Bloomberg) -- The long-awaited broadening in the 2023 equity advance is bringing gains to corners of the market even unabashed bulls may view uneasily.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%Biden Administration to Forgive $39 Billion in Student DebtTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’Treasury Euphoria Dwindles After Hot Economic Data: Markets WrapBoats seaworthy and othe  ( 8 min )

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Here’s our weekly roundup of the most-read articles at Barron’s Advisor.  ( 29 min )

(Bloomberg) -- AT&T Inc. shares hit an almost three-decade low Friday amid growing concerns of the potentially high costs the phone giant faces if it must clean up contamination due to lead-clad wiring throughout parts of its nationwide network.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%DeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudMicros  ( 7 min )

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National Amusements said that lower cash flows created uncertainty for the company, triggering discussions to renegotiate debt.  ( 26 min )

Global hedge funds rushed to unwind bets that U.S.-listed stocks will fall, as a persistent rally threatens their performance, JPMorgan Chase and Goldman Sachs told clients in reports. "For hedge funds, shorts have been a challenge since early June especially," JPMorgan said, adding the unwinding of short positions got "extreme" in recent days. Goldman Sachs said in a note on Friday short covering in the so-called U.S. macro products, which include equity index and exchanged-traded funds, reached the largest amount seen since November 2020.  ( 7 min )

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Inheritors subject to a new 10-year payout window don’t have to take required minimum distributions for 2023.  ( 24 min )

U.S. home prices could still drop this year, according to a Pantheon economist, contrasting a narrative the housing market has recovered from higher mortgage rates.  ( 7 min )

SpaceX, the spacecraft manufacturer owned by billionaire Elon Musk, is now worth almost $150 billion after a second share sale by insiders in seven months.  ( 6 min )

During Berkshire Hathaway’s 2019 annual meeting in Omaha, Nebraska, billionaires Bill Gates and Warren Buffett took a break from their busy schedules and visited Dairy Queen for lunch. Buffett, a long-time customer and owner of Dairy Queen through Berkshire Hathaway’s acquisition in 1998, wanted to experience the restaurant’s operations firsthand. One thing that caught Gates and Buffett's attention was how Dairy Queen serves its popular menu item the Blizzard. Each Blizzard is served upside down  ( 8 min )

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Ripple's XRP was down 25% from its highest levels on Thursday.  ( 7 min )

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Americans bought more battery-electric vehicles in the second quarter than ever before. Competitors gained a tiny bit of ground on Tesla.  ( 26 min )

(Bloomberg) -- As big US banks earn more from lending, the question has gnawed: When will depositors see their reward? It’s finally starting.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%Biden Administration to Forgive $39 Billion in Student DebtTreasury Euphoria Dwindles After Hot Economic Data: Markets WrapTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’Interest expense at Wells Fargo & C  ( 8 min )

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The boss of the world’s biggest asset manager today continued to sing Bitcoin’s praises.  ( 7 min )

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Rising deposit costs aren’t unique to any bank right now—even giants such as JPMorgan Chase and Wells Fargo. But some banks, because of the nature of their business, might be feeling the effect of them more than others. Trust bank State Street beat analysts’ second-quarter bottom-line net income fo  ( 25 min )

Ericsson and Nokia are seeing signs of soft demand from U.S. telecom carriers. Both stocks are down, and the selloff is spreading.  ( 26 min )

A little more than a week after contract talks between UPS and the union representing 340,000 of its workers broke down, UPS said it will begin training nonunion employees in the U.S. to step in should there be a strike, which the union has vowed to do if no agreement is reached by the end of this month. “While we have made great progress and are close to reaching an agreement, we have a responsibility as an essential service provider to take steps to help ensure we can deliver our customers’ packages if the Teamsters choose to strike,” UPS said. Teamster-represented UPS workers voted for a strike authorization last month and union chief Sean O’Brien previously said that a strike was imminent.  ( 7 min )

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First Republic, the failed bank JPMorgan bought in May, provided a $2.7 billion gain but also led to $1.2 billion in credit costs.  ( 34 min )

UPS’ nonunion employees have begun training for a possible work stoppage. The post UPS begins `business continuity’ training to prep for strike appeared first on FreightWaves.  ( 7 min )

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Falling demand for telecommunications equipment impacted sales at Nokia and Ericsson, and ADRs of the two companies dropped.  ( 18 min )

(Bloomberg) -- Cathie Wood fans, after years of steadfastness, have gone AWOL, with her suite of exchange-traded funds seeing outflows in recent months despite all of them posting impressive rallies. Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%Biden Administration to Forgive $39 Billion in Student DebtTreasury Euphoria Dwindles After Hot Economic Data: Markets WrapTop-Ranked Hedge Fund Chief Sees S&P 500  ( 8 min )

(Bloomberg) -- AT&T Inc. shares hit an almost three-decade low Friday amid growing concerns of the potentially high costs the phone giant faces if it must clean up contamination due to lead-clad wiring throughout parts of its nationwide network.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%DeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudMicros  ( 7 min )

Falling crude oil prices and lingering worries about the global economy have been sapping power from energy stocks throughout 2023. The sector, which includes oil and oilfield exploration companies, is coming off of two years or rising oil prices and inflation. Now the S&P 500 has broken free from the bear market, but the energy sector is among the biggest laggards with a 7.4% dip.  ( 8 min )

The US dollar has fallen rather hard during the course of the trading week as inflation numbers have cooled off.  ( 7 min )

Dimon says he's not opposed to remote work if it works, but "if it doesn't work, I don't mind getting rid of it."  ( 7 min )

The euro has rallied rather significantly during the course of the week, breaking above the 1.12 level.  ( 7 min )

As earnings reports file in from some of the country’s largest banks, Truist endorses the smaller financial services company that has had a stellar year.  ( 29 min )

AT&T stock was getting hammered on Friday after it was downgraded by JP Morgan analysts who cited slowing growth drivers ahead. The telecom stock (ticker: T) was trading at $14.60, on pace for its lowest close since May 11, 1994, when it closed at $14.58. Analyst Philip Cusick [downgraded the stoc  ( 10 min )

J.P. Morgan analyst Philip Cusick changed his rating of the stock to Neutral from Overweight.  ( 26 min )

(Bloomberg) -- Jamie Dimon and his big bank are channeling Martha and the Vandellas. Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%DeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudMicrosoft, Activision Eye UK Rights Sale to Get Merger Done“They’re dancing in the streets,” Dimon said about some rivals on a Friday call with analysts about JPMorga  ( 6 min )

(Bloomberg) -- Bill Harnisch is on a roll. Assets in his Peconic Partners hedge fund are ballooning thanks to a near-perfect run of market timing that included shorting last year’s bear market and pivoting long just as the tide turned.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%DeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudMicrosoft, Activ  ( 9 min )

Profits for JPMorgan and Wells surged while falling at Citigroup, revealing a divide in how the banking world is faring.  ( 10 min )

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Microsoft upgraded, AT downgraded: Wall Street's top analyst calls  ( 9 min )

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President Joe Biden's administration has announced it will cancel student debt for over 800,000 borrowers, in relief that totals up to $39 billion.  ( 18 min )

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UnitedHealth beat second-quarter expectations as an acquisition and more Medicare Advantage customers fueled growth that balanced a jump in care use. The health care giant also raised the low end of its 2023 earnings forecast range on Friday after its profit jumped 8% to $5.47 billion in the quarter. UnitedHealth runs a health insurance business that covers more than 50 million people, mostly in the United States.  ( 7 min )

The stock surged nearly 61% to a more than four-month high on Thursday after Nikola entered a deal to sell 50 EVs to BayoTech and purchase low-carbon hydrogen from the firm. The short squeeze in Nikola, after short sellers rushed to exit bearish bets due to a rise in the stock's price, led to a record 317 million shares traded on Thursday. Last week, Nikola reported a sequential jump in EV sales in the second quarter, a positive sign for the startup that has been grappling with a cash crunch and stiff competition.  ( 7 min )

Since hitting bottom last October, the S&P 500 has bounced back strongly – in fact, it’s up approximately 25% from that trough. A rally of that magnitude meets the definition of a bull market, and some economists are saying we’re experiencing just that. A word of caution, however, comes from investment firm Wells Fargo. In a recent warning to investors, investment strategy analyst Austin Pickle notes that a recession is likely in the near future, and says, “With stock valuations full, we believe  ( 11 min )

Between BlackRock's Bitcoin ETF filing and the Ripple court ruling, Coinbase stock has soared. Here's the case for caution.  ( 26 min )

The Education Department said it will begin notifying borrowers on Friday about the automatic discharge.  ( 7 min )

Citigroup had a rocky second quarter. Here are the highlights: Profit dropped 36% to $2.92 billion, or $1.33 per share. Analysts had expected $1.31. Revenue slipped 1% to $19.44 billion. Analysts had expected $19.34 billion. In the institutional clients group, which includes investment bankin  ( 22 min )

China’s economy is having a rough summer, but the country is churning out record amounts of diesel and importing vast amounts of crude oil.  ( 26 min )

Shares of Pfizer Inc (NYSE:PFE) are trading at 52-week lows as investors adjust to the company’s pursuit of a candidate for a weight loss pill, marking its entry into the competitive obesity drug market. The Street responded critically. JPMorgan Chase & Co (NYSE:JPM) analysts called the news a setback for the company. Lotiglipron — the disregarded candidate — was expected to be the stronger contender. Meanwhile, SVB Securities labeled the decision “incrementally negative,” according to Yahoo! Fi  ( 7 min )

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Wells Fargo's profits jumped 57% in the second quarter thanks to higher interest rates and loan balances, the bank said Friday. Like other banks, Wells has benefitted from the Federal Reserve’s aggressive interest rate hikes as the central bank tries to bring down the worst inflation since the 1980s. Wells said it set aside another $949 million in its allowance for credit losses, mostly for commercial real estate office loans and higher credit card loan balances.  ( 7 min )

Wells Fargo’s earnings jumped in the second quarter, joining JPMorgan Chase’s blockbuster report. Here are the highlights: The bank earn  ( 24 min )

SpaceX stock is said to be worth $150 billion. That's more than either Boeing, Raytheon, or Lockheed.  ( 26 min )

Healthcare and insurance company UnitedHealth Group said its revenue grew 16% to $92.9 billion in the latest quarter.  ( 24 min )

America’s 5G revolution is faltering. Ericsson and Nokia shares were both down over 8% in recent trading. Key network suppliers to the likes of Verizon Communications and AT&T, the companies independently cut their profit outlooks on Friday morning as the weak U.S. market shows no immediate sign of  ( 23 min )

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Some truck drivers at Yellow are worried about their retirement plans. Others fear their jobs may be eliminated in the coming months. The post Yellow truck drivers sound off on troubled fleet, Teamsters appeared first on FreightWaves.  ( 16 min )

The result kicked off an earnings season where banks of all sizes will be trying to show that they recovered from one of the most challenging periods since the 2008 financial crisis.  ( 8 min )

The result kicked off an earnings season where banks of all sizes will be trying to show that they recovered from one of the most challenging periods since the 2008 financial crisis.  ( 7 min )

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Net income rose to $4.94 billion, or $1.25 per share, for the three months ended June 30, compared with $3.14 billion, or $0.75 per share, a year earlier, the lender said on Friday. After the Federal Reserve raised interest rates to tame inflation, banks have benefited by charging customers more to borrow money. Fed Chair Jerome Powell signaled late last month that the central bank will likely resume its rate-hiking campaign after leaving the policy rate unchanged in June.  ( 7 min )

Where did the buzz go for Amazon? Out the door with buff founder Jeff Bezos?  ( 9 min )

Where did the buzz go for Amazon? Out the door with buff founder Jeff Bezos?  ( 9 min )

JPMorgan Chase, Wells Fargo, and Citigroup are scheduled to report earnings Friday, UnitedHealth raises its 2023 outlook, and Microsoft shares are upgraded.  ( 27 min )

The IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avert budget cuts sought by Republicans who want to gut the agency. IRS leaders said they collected $38 million in delinquent taxes from more than 175 high-income taxpayers in the past few months. In one case, an individual had used money owed to the government to buy a Maserati and a Bentley, and roughly 100 high-income individuals attempted to get favorable tax treatment through Puerto Rico without meeting certain tax requirements.  ( 7 min )

(Bloomberg) -- Investors are piling so much money into stocks that they’ll be ripe for shorting as risks of sticky inflation and hawkish central banks grip markets in the second half of the year, Bank of America Corp. strategists say.Most Read from BloombergHow Much Income You Need to Crack America's Richest 1%Singapore Expands Graft Probe to Include Hotel Tycoon OngEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudDeSantis Says No Thanks to $377 Million in US Energy FundsMicrosoft, Activis  ( 7 min )

Nokia and Ericsson shares fell after both gave disappointing guidance on Friday and flagged a slowdown in North American sales.  ( 26 min )

The surge in the crypto exchange’s share price was driven largely by investors who saw the decision as a representing a rejection of the SEC’s argument in the lawsuit it filed against Coinbase in June, the report said.  ( 7 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

(Bloomberg) -- Chinese President Xi Jinping finally appears to be extending an olive branch to private businesses battered in recent years by regulatory crackdowns and the world’s most restrictive Covid-19 policies.Most Read from BloombergHow Much Income You Need to Crack America's Richest 1%Singapore Expands Graft Probe to Include Hotel Tycoon OngEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudDeSantis Says No Thanks to $377 Million in US Energy FundsMicrosoft, Activision Eye UK Rights S  ( 8 min )

The court’s decision weakens the SEC’s stance that the securities law is clear and no separate clarity is required for digital assets, the report said.  ( 7 min )

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at AT&T, Progressive, Alcoa, and SoFi Technologies. AT&T (NYSE:T) shares fell more than 1% pre-market today after JPMorgan downgraded the company to Neutral from Overweight and cut its price target to $17.00 from $22.00, noting that the company is experiencing slightly increased pressure in the Mobility sector from Verizon Communications (NYSE:VZ), T-Mobile US (NASDAQ:TMUS), and cable providers, as well as in the Consumer Wireline segment from cable and FWA providers.  ( 7 min )

There may be no better business out there than payment processing. Yet both stocks look cheap relative to past valuations.  ( 29 min )

XRP token market capitalization has jumped to over $40 billion, its largest level since April 2022.  ( 7 min )

Bitcoin, all other top 10 non-stablecoin tokens logged gains Friday morning. That followed a favorable SEC ruling for Ripple, whose XRP token led the gains.  ( 8 min )

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Over the past two years, inflation has dominated headlines as prices have been rising at their fastest pace since the late 1970s. In June of last year, the inflation rate peaked at a 40-year high of 9.1%, causing significant alarm. However, the latest data from this past June reveals a somewhat encouraging annualized rate of just 3%. Markets rose on the news, reflecting a sense of relief and optimism that the worst is over. With this boost to overall economic sentiment, investors now have a favo  ( 10 min )

Find out who is considered an independent student for financial aid purposes.  ( 23 min )

The main difference between investing and speculating is the amount of risk undertaken in the trade.  ( 22 min )

A subprime auto loan is a type of loan used to finance a car purchase that’s offered to people with low credit scores or limited credit histories.  ( 21 min )

The U.S. government and private lenders can garnish your bank account to recover unpaid student loans in multiple ways  ( 21 min )

Does lending shares in a short sale transaction provide any benefit other than interest on the loan? And who profits—the broker or the shares' owner?  ( 19 min )

Eli Lilly agreed to buy biopharma firm Versanis for up to $1.93 billion, boosting Lilly's reach into the obesity drug market.  ( 16 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 19 min )

Primarily on the strength of UnitedHealth Group’s earnings, the Dow Jones gained 125 points, finishing higher every day this week  ( 17 min )

Actor Tom Cruise has a net worth of $600 million thanks to his successful 40-year career in Hollywood. Cruise has earned over $1 billion in his career as an actor, and has a real estate portfolio worth millions.  ( 18 min )

30-year mortgage rates have now registered a full week of daily declines, sinking the flagship average more than half a percentage point below the peak notched one week ago.  ( 20 min )

The White House and EPA competitions worth $20 billion to expand investments in new projects aimed at reducing greenhouse gas emissions.  ( 16 min )

SoFi savings account interest rates are above average and the financial services company charges no bank fees—two reasons this savings option is worth considering.  ( 20 min )

Certificates of deposit (CDs) are a good option for conservative investing. Learn about KeyBank’s CDs and rates to see if they’re right for your financial goals.  ( 21 min )

Bask Bank offers an attractive pair of savings accounts: One is a typical high-yield savings account, but the other earns American Airlines AAdvantage miles. See if Bask Bank makes sense for your money.  ( 20 min )

Consumer sentiment jumped in July to the highest level since September 2021, according to the University of Michigan's Consumer Sentiment Index.  ( 16 min )

USAA offers a few different savings accounts, but the rates are relatively low. Compare USAA to top competitors and find the best savings account for your needs.  ( 18 min )

The second half of the year might appear somewhat more promising, but venture capital funding could remain constrained after plunging in the wake of this spring's bank failures.  ( 18 min )

USAA offers a few different savings accounts, but the rates are relatively low. Compare USAA to top competitors and find the best savings account for your needs.  ( 18 min )

A Registered Education Savings Plan - RESP is a government-sponsored program that helps pay for a child's future post-secondary education.  ( 19 min )

Major crypto exchanges, such as Coinbase and Kraken, have relisted XRP after a judge ruled the digital asset sold on an exchange is not a security.  ( 18 min )

Falling demand for telecommunications equipment impacted sales at Nokia and Ericsson, and ADRs of the two companies dropped.  ( 17 min )

UnitedHealth Group's double-digit growth for the sixth consecutive quarter, a lower-than-expected increase in costs, and an upward revised earnings outlook pushed the company's share price up in early market trading.  ( 17 min )

U.S. equities were up at midday on Friday, July 14, 2023, and heading for a winning week following inflation and earnings news.  ( 16 min )

Shares of Citigroup declined over 2% intraday on Friday after the bank’s profit and sales dropped in what CEO Jane Fraser called “a disappointing quarter.”  ( 16 min )

A robust demand for loans and higher interest rates that increased its net interest income fueled JPMorgan Chase's second quarter earnings, its first after the acquisition of the ailing First Republic Bank in May.  ( 17 min )

President Joe Biden's administration has announced it will cancel student debt for over 800,000 borrowers, in relief that totals up to $39 billion.  ( 17 min )

Shares of JPMorgan and Wells Fargo surge after reporting earnings that beat analyst expectations and U.K. regulators extend the deadline on the Microsoft-Activision merger probe. Here’s what investors need to know today.  ( 18 min )

Primarily on the strength of UnitedHealth Group’s earnings, the Dow Jones gained 125 points, finishing higher every day this week  ( 1 min )

U.S. equities were up at midday on Friday, July 14, 2023, and heading for a winning week following inflation and earnings news.  ( 1 min )

Shares of JPMorgan and Wells Fargo surge after reporting earnings that beat analyst expectations and U.K. regulators extend the deadline on the Microsoft-Activision merger probe. Here’s what investors need to know today.  ( 1 min )

Eli Lilly agreed to buy biopharma firm Versanis for up to $1.93 billion, boosting Lilly's reach into the obesity drug market.  ( 1 min )

The second half of the year might appear somewhat more promising, but venture capital funding could remain constrained after plunging in the wake of this spring's bank failures.  ( 1 min )

UnitedHealth Group's double-digit growth for the sixth consecutive quarter, a lower-than-expected increase in costs, and an upward revised earnings outlook pushed the company's share price up in early market trading.  ( 1 min )

A robust demand for loans and higher interest rates that increased its net interest income fueled JPMorgan Chase's second quarter earnings, its first after the acquisition of the ailing First Republic Bank in May.  ( 1 min )

Slechte communicatie, leveringsproblemen, constant stukgaan en nu uitstel van betaling: het hippe Amsterdamse fietsenbedrijf VanMoof staat er slecht voor. NU.nl vroeg lezers naar ervaringen met VanMoof - en ontving een stortvloed aan e-mails. Bijna de helft daarvan ging over niet-geleverde fietsen.  ( 5 min )

De chocoladeproducent Ferrero heeft de productie in een Belgische fabriek opnieuw stilgelegd na een nieuwe salmonella-uitbraak. Het bedrijf, bekend van de Kinder Surprises, heeft bevestigd dat geen enkel eindproduct vrij was van de bacterie.  ( 3 min )

Het Duitse autoconcern Volkswagen heeft 321.600 volledig elektrische auto's verkocht in de eerste helft van 2023. Dat is 50 procent meer dan een jaar eerder, toen het bedrijf nog kampte met een tekort aan chips.  ( 3 min )

Honderden medewerkers van het accountantsbedrijf KPMG zijn betrokken bij examenfraude. Zo stuurden werknemers de antwoorden rond naar collega's die een training nog moesten volgen. Het is de eerste keer dat zoiets in Nederland aan het licht komt.  ( 4 min )

Europeanen met een account op Twitter-concurrent Threads kunnen sinds vrijdag geen berichten meer plaatsen. De app is officieel nog niet beschikbaar in de Europese Unie, maar veel Europeanen gebruikten de app via een omweg alsnog.  ( 4 min )

Cryptobedrijven zijn opgetogen over een recente uitspraak van een Amerikaanse rechter. Die gaf cryptobedrijf Ripple deels gelijk in een zaak die was aangespannen door toezichthouder SEC. De uitspraak kan grote gevolgen hebben voor andere uitgevers van digitale munten.  ( 4 min )

India heeft vrijdag de onbemande maanmissie Chandrayaan-3 gelanceerd. Als alles goed gaat, komt de maanlander in de tweede helft van augustus aan op de maan.  ( 3 min )

Medewerkers van de Engelse luchthaven Londen Gatwick gaan deze zomer acht dagen staken. Ze willen meer loon, en dat kan ook Nederlandse reizigers treffen.  ( 3 min )

Het is onrustig in de distributiecentra van supermarktketen Jumbo. Werknemers klagen dat de roosters vaak te laat zijn, dat ze verplicht moeten overwerken en over hoge werkdruk. Vakbond FNV heeft het bedrijf vier weken de tijd gegeven om orde op zaken te stellen.  ( 4 min )

Een nieuw wereldwijd hitterecord hangt in de lucht. Dat zal vrijwel zeker gebeuren in 2024. En de kans groeit dat ook 2023 al recordheet wordt. Dat zeggen Amerikaanse klimaatwetenschappers tegen NU.nl, op basis van de nieuwste temperatuurmetingen.  ( 5 min )

De lonen van bijna een miljoen werkenden gaan de komende twaalf maanden ruim 8 procent omhoog. Dat is afgesproken in de cao's die in juni zijn gesloten, meldt werkgeversvereniging AWVN.  ( 3 min )

Een deel van de klanten van KPN kon vrijdagochtend enkele uren geen tv kijken door een storing. Het probleem is rond 10.30 uur verholpen.  ( 3 min )

In de eerste helft van 2023 werden veel minder kantoren, winkels en woningen verhandeld door vastgoedbeleggers. Zij vinden de aankoop van panden minder interessant door de opgelopen rente.  ( 3 min )

KPN heeft vrijdagochtend te maken met een storing in de interactieve tv-dienst. Daardoor kunnen klanten geen televisiekijken.  ( 3 min )

Klanten met een vast contract kunnen bij het terugleveren van stroom toch te maken krijgen met variabele tarieven, blijkt uit onderzoek van de Consumentenbond onder tientallen energieleveranciers. Toezichthouder ACM zegt dat dergelijk beleid niet mag.  ( 3 min )

Onduidelijkheid over fiscale maatregelen leidt ertoe dat er dit jaar minder elektrische auto's worden verkocht.. Vooral particulieren zijn voorzichtiger, ook op de tweedehandsmarkt.  ( 3 min )

Company says the studies played a significant role in lawsuits over its Baby Powder and Shower to Shower products.  ( 25 min )

Ether and other major cryptos are swept upward in a banner day for crypto markets. PLUS: While the number of large bitcoin holders increases, bitcoin sent to exchanges continues to fall, writes CoinDesk's analysts.  ( 10 min )

"The American Dream of retirement is going to be a nightmare for too many Gen-Xers," one expert said.  ( 7 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 20 min )

The S&P 500 is up about 25% from its bear market low hit in early October.  ( 29 min )

Shares of Coinbase Global Inc surged by nearly 25% on Thursday, ahead of other cryptocurrency and blockchain-related companies, following a landmark legal victory in a closely-watched lawsuit involving blockchain company Ripple Labs Inc. A U.S. District Judge ruled on Thursday that Ripple Labs did not violate federal securities law by selling its XRP token on public exchanges, a decision that sent the value of the token soaring by as much as 74%. The U.S. Securities and Exchange Commission (SEC) had accused Ripple Labs and its current and former chief executives of selling unregistered securities when conducting a $1.3 billion offering for XRP, which was created in 2012.  ( 7 min )

A UnitedHealth executive spooked the market last month with talk of pent-up demand for Medicare Advantage, which would push up costs.  ( 26 min )

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The number of people leaving the workforce to become semi-retired, instead of fully retired, is growing. Here is a look at the reasons and options.  ( 26 min )

The dollar has been on a downward trend. That could be good news for equities and commodities.  ( 8 min )

For first-time homebuyers, finding the perfect time to enter the real estate market can feel like a never-ending game. In the face of record-high inflation, steep interest rates and a dwindling supply of new homes, the path from renter to homeowner has become increasingly challenging. But amidst the economic uncertainties, there are strategic moves potential buyers can make to ensure they are well-prepared when the right opportunity arises. To begin with, it is crucial to have a clear understand  ( 8 min )

Shares of crypto exchange Coinbase Global jumped Thursday after crypto company Ripple Labs defeated part of a regulatory case over its sale of digital token XRP. Co  ( 21 min )

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Wall Street expects Citigroup's second-quarter earnings to tumble from a year ago. The bank reports Friday before the market opens.  ( 26 min )

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ETH Trades Above $2,000, XRP Rockets 55%  ( 8 min )

The telecom giant is set to end Thursday in the red, matching a 7-day losing streak a year ago. One analyst says a report in The Wall Street Journal about lead cables won't help AT&T stock.  ( 26 min )

The judge said the nature of the transaction itself, rather than the token, determined its status under the law.  ( 26 min )

New market intelligence data reveals that the U.S. iPhone market share experienced a significant increase during the first quarter of this year, defying the overall decline observed in the smartphone market. The report indicates that while the smartphone industry faced challenging times, with a sharp decrease in U.S. smartphone shipments, Apple maintained a strong position and expanded its market share. The figures from Counterpoint’s latest market estimates show a concerning 17% year-on-year dr  ( 8 min )

(Bloomberg) -- Cryptocurrencies rallied as digital-asset advocates touted a ruling from a federal judge in the US Securities and Exchange Commission’s lawsuit against Ripple Labs Inc. as a victory for the industry when it comes down to what is classified as a security. Most Read from BloombergEx-Celsius CEO Mashinsky Charged in Latest DOJ Crypto CaseDeSantis Says No Thanks to $377 Million in US Energy FundsFund Titans Are Betting on Everything Gaining Against the DollarSingapore Minister Faces M  ( 8 min )

Shares in Viasat plunged by as much as 36% to about a one-year low on Thursday after the U.S. satellite communications firm disclosed that one of its key satellites malfunctioned during deployment in space. The company's ViaSat-3 Americas satellite developed an unexpected fault during its deployment - an issue that might affect its performance, Viasat announced after markets closed on Wednesday, adding that it had launched a review. The satellite, which was launched onboard SpaceX's Falcon Heavy rocket on April 30, is a key part of Viasat's plan to expand its broadband business in the Americas.  ( 7 min )

Health savings accounts (HSAs) are one of the least-known retirement tools available but they can make a big difference in preparing for what can be the biggest concern in retirement – covering healthcare costs. That’s because HSAs offer a triple tax benefit: your money goes in tax-free, your account earnings aren't taxed and withdrawals for […] The post Fidelity Says This Is How to Get More Out of Your HSA appeared first on SmartReads CMS - SmartAsset.  ( 8 min )

XRP climbed as high as 64 cents at one point, its highest level since May.  ( 6 min )

Stocks rose Thursday to keep up their rally as fresh producer prices data showed further signs of cooling inflation.  ( 7 min )

Nikola announces the sale of 50 trucks powered by fuel cells running on hydrogen gas.  ( 26 min )

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Financial Times Meta Platforms Seeks To Launch Commercial Version Of Its Artificial Intelligence Model Meta Platforms Inc (NASDAQ: META) stock is trading higher Thursday amid reports of the company bracing to launch a commercial version of its artificial intelligence model. Now, Meta can compete with Microsoft Corp (NASDAQ: MSFT) -backed OpenAI and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google in the race to develop generative AI. Meta released its language model, LLaMA, to researchers and  ( 10 min )

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↗️ Alphabet (GOOG): The Google parent's stock jumped 4.6% after the tech giant said it was adding more languages to its Bard AI chatbot and expan  ( 22 min )

(Bloomberg) -- Barry Bannister was one of only a handful of Wall Street forecasters who correctly predicted this year’s US stock rally at the start of 2023. Now, the Stifel strategist says this is as good as it gets.Most Read from BloombergHow Much Income You Need to Crack America's Richest 1%Ex-Celsius CEO Alex Mashinsky Charged With Crypto FraudDeSantis Says No Thanks to $377 Million in US Energy FundsFund Titans Are Betting on Everything Gaining Against the DollarEpstein-Staley Emails Reveal  ( 7 min )

Russia's flagship Urals crude oil prices breached the price cap of $60 a barrel on Tuesday, per S&P Global.  ( 7 min )

Investing legend and Berkshire Hathaway Chairman and CEO Warren Buffett continues to demonstrate his commitment to modesty and frugality through his annual salary of $100,000. Despite his status as one of the world's wealthiest people, public filings with the Securities and Exchange Commission reveal that Buffett has not received a pay raise in over four decades. Berkshire Hathaway's recent proxy statement unveils a noteworthy aspect of Buffett's compensation package. While his salary remains mo  ( 9 min )

(Bloomberg) -- Corners of the consumer and corporate market are beginning to feel the pain from the Federal Reserve’s ultra-aggressive rate hikes, even though broader macroeconomic indicators are still showing signs of strength, says Apollo’s Torsten Slok. Most Read from BloombergDeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Mashinsky Charged in Latest DOJ Crypto CaseFund Titans Are Betting on Everything Gaining Against the DollarSingapore Minister Faces Most Serious G  ( 6 min )

Iger's comments could mean Disney will consider selling one or more of its TV networks, which include ABC, FX and National Geographic.  ( 8 min )

Companies that go from losing money to earning money tend to outperform the market. Look to travel stocks, Boeing, Uber, and PG&E.  ( 26 min )